Under current rules, companies with 500 or more employees, directors, and consultants who receive compensatory stock options have to register if they have more than $10 million in assets — even if they are a private company. To meet repeated requests by private issuers to update this rule, since 1992 the SEC has been sending no-action letters to those companies that met certain conditions and did not register the securities.
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Reader CommentsDisplaying 2 of 2
Stephen Boyko
Jul 27, 2007 10:39 AM ET
Operational Bone or Boneheaded Governance
Your July 10th article entitled “SEC Throws Small Companies a Bone” mirrors the SEC’s flawed approach to governance … more
John Laurie
Jul 11, 2007 9:35 PM ET
A bone maybe, but where's the beef?
Can someone please explain to me how this propoasl promotes competition and capital, let alone effeciency. Once … more
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