On Sept. 13, 2011, the Securities and Exchange Commission (?SEC?) announced the formation of the Advisory Committee on Small and Emerging Companies (?Advisory Committee?) to focus on interests and priorities of small businesses and smaller public companies; pointedly the mandate was to advise on rules, regulations and policies pertaining to emerging companies, privately-held small businesses, and publicly traded companies with less than $250 million in public market capitalization. Among the specific topics on which the Advisory Committee?s guidance was sought were:
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