What’s Next For The Commission?

At a recent program, S.E.C. Speaks, Chair White noted that the Commission continues to move forward to complete rulemakings required under the JOBS Act related to exempt offerings. She noted that while the Act makes it easier for companies to remain private longer and to rely on exempt offerings, the Commission will devote attention to disclosures required inpublic offerings. Chair White observed that the Commission "must consider how the SEC's rules governing public offerings and public company reporting and disclosure may negatively impact liquidity in our markets and how they can be improved and streamlined, while maintaining strong investor protections." She stated that the Division of Corporation Finance will focus on making specific recommendations for updating the rules that govern public company disclosure.