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Story summary
- The SEC proposed raising the large accelerated filer threshold from $700 million to $2 billion and eliminating public-float and reporting-duration limits for shelf offerings.
- Companies could avoid large accelerated filer status for five years after IPOs.
- They would also be exempt from certain executive-compensation disclosures.
- An SEC official said about one-fifth of firms would stay large filers, that blank-check, penny-stock and shell firms are exempt, and that comments are due within 60 days.
