SEC proposes amendments to smaller reporting company definition.

The SEC is proposing amendments to increase the financial thresholds In the "smaller reporting company" definition, which would expand the number of companies that qualify as smaller reporting companies and qualify them for certain existing scaled disclosures provided in Regulation S-K and Regulation S-X.

Smaller reporting companies may provide scaled disclosures under the 5EC's rules and regulations. The proposed rules would enable a company with less than $250 million of public float to provide scaled disclosures as a smaller reporting company, as compared to the $75...