SEC Advisory Committee to vote on definition of “Accredited Investor”, and to consider secondary market liquidity for securities of small and emerging companies

The Securities and Exchange Commission announced today that the next meeting of its Advisory Committee on Small and Emerging Companies will focus on ways to increase the opportunities for investors in small and emerging companies to resell their shares.
In addition to secondary market liquidity, the committee is expected to vote on recommendations to the Commission regarding the definition of “accredited investor.”  The committee had planned to consider those recommendations in a February 17 conference call that was postponed due to weather.
The meeting on Wednesday, March 4, will be held at the SEC’s headquarters in D.C., is open to the public, and will be webcast live on the SEC’s website,, and will be archived on the website for later viewing.
The advisory committee provides a formal mechanism for the SEC to receive advice and recommendations on privately held small businesses and publicly traded companies with a market capitalization less than $250 million.
Members of the public who wish to provide their views on the matters to be considered by the advisory committee may submit comments electronically on the SEC’s Internet submission form, or on paper to