SEC Announces Agenda for May 18 Meeting of the Advisory Committee on Small and Emerging Companies


Washington D.C., May 11, 2016 —

The Securities and Exchange Commission today announced that the May 18 meeting of its Advisory Committee on Small and Emerging Companies will focus on the definition of an “accredited investor” and on unregistered securities offerings under Regulation D.

Under the federal securities laws, certain securities offerings are exempt from SEC registration if the securities are sold to accredited investors.  At the May 18 meeting, the committee will discuss the recent SEC staff report on the accredited investor definition, followed by a discussion of developments in unregistered securities offerings under Regulation D.

The meeting on May 18 will begin at 9:30 a.m. in the multipurpose room at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., and is open to the public.  It will be webcast live on the SEC’s website and archived on the website for later viewing. 

The committee provides a formal mechanism for the SEC to receive advice and recommendations on privately held small businesses and publicly traded companies with a market capitalization less than $250 million.

Members of the public who wish to provide their views on the matters to be considered by the committee may submit comments electronically or on paper.  Please submit comments using one method only.  Information that is submitted will become part of the public record of the meeting.

Electronic submissions:

Use of the SEC’s Internet submission form or send an e-mail to

Paper submissions:

Send paper submissions to Brent Fields, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090. 


All submissions should refer to File Number 265-27, and the file number should be included on the subject line if e-mail is used.



9:30 a.m.

Co-Chairs call meeting to order

Introductory Remarks by Chair Mary Jo White and Commissioners Kara Stein and Michael Piwowar

10:00 a.m.

Accredited Investor Definition

11:30 a.m.

Lunch Break and Administrative Session

1:30 p.m.

Regulation D and General Solicitation

  • Presentation by SEC Division of Corporation Finance staff
  • Committee discussion

3:00 p.m.

Presentation from SEC Division of Enforcement staff regarding their work as part of the JOBS Act Task Force

3:30 p.m.