Industry Task Force Makes Capital Formation Recommendations

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An industry task force, the Equity Formation Task Force, which might well be seen as a successor to the IPO Task Force, recently presented a report to the U.S. Treasury Department recommending a few additional measures to facilitate capital formation.  Here is a link to the group’s press release: www.equitycapitalformationtaskforce.com/files/ECF%20Report%20Press%20Release%20vF.pdf.

The report repeats a number of the recommendations made by other groups, such as calling for the SEC to propose a framework for Section 3(b)(2) (or Regulation A+) offerings as required by the JOBS Act, and a pilot program on wider tick sizes.  Here is a link to the report:  www.equitycapitalformationtaskforce.com/files/ECF%20From%20the%20On-Ramp%20to%20the%20Freeway%20vF.pdf.

DISCLAIMER: 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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