The Small Public Company Coalition (SPCC) commends Congressman Byron Donalds (R-FL) for urging the Securities and Exchange Commission to end “regulation by enforcement” litigation that has caused fear and uncertainty among investors and limited capital formation in public markets.
SPCC President Marc Indeglia said, ““Representative Bryon Donalds has urged the SEC to dismiss all of the Dealer cases. We at the Small Public Company Coalition thank Representative Donalds for his leadership in seeking to end regulation by enforcement and reinvigorate capital formation for small public companies!”
These cases and the novel theory predicated defies decades of agency guidance and has led to OTC Markets financings dropping over 50% in number and 25% in value since the crackdown began.