Williams & Jensen
On January 21, the Securities and Exchange Commission (SEC) convened a meeting of the Investor Advisory Committee (Advisory Committee or IAC) to discuss: (1) fixed income market structure and pre-trade price transparency; (2) a draft letter to the Financial Accounting Standards Board (FASB) regarding materiality; (3) an update on crowdfunding; and (4) a discussion of NASDAQ listing standards-shareholder approval rules. The Advisory Committee approved the minutes from their previous meeting, and approved the draft letter to FASB (with two abstentions, but all other members in support).