Update On SEC Rulemaking

Chair White, addressing the Investor Advisory Committee, provided an update on SEC rulemaking.  Chair White identified the following initiatives:

• the disclosure effectiveness initiative;
• the review of the "accredited investor" definition;
• action on the tick size pilot; and
• the adoption of final crowdfunding rules.

Chair White also noted that the Commission must complete its required rulemakings under Dodd-Frank, including the Title VII and the executive compensation related rulemakings.  See her remarks here: http://www.sec.gov/news/statement/opening-remarks-to-the-investor-advisory-committee.html.

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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