Why Doesn’t The SEC Post SubCommittee Recommendations?

Last Thursday, the Investor Advisory Committee held another meeting.  The agenda included this rather vague agenda description:

Discussion of Definition of Accredited Investor (which may include a recommendation of the Investor as Purchaser Subcommittee)

The actual meeting did in fact include a discussion of the recommendation of the subcommittee.  The recommendation, however, was (and as of July 13 was still) not posted.  In the interest of transparency and openness, the SEC should post all subcommittee recommendations prior to the meetings at which they are discussed.

 


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