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Capital Formation: The SEC’s Upcoming “Concept Release”

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Aug 29, 2018

On August 29, 2018, the Securities and Exchange Commission (SEC) released a speech by SEC Chair Jay Clayton, who noted that a concept release on capital formation is on the way.

The main topic was the plan to revisit the thresholds that trigger the SOX 404(b) requirement to provide an auditor attestation report on internal control over financial reporting. One thing is pretty clear from this speech: odds are excellent that relief from SOX 404(b) is in the offing for more small companies.

Review the full speech on the SEC's website and articles from Cooley PubCo and the Wall Street Journal.

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