SEC Seeking Small Firm SOX Impact Input

August 5, 2005 ( - Federal securities regulators have asked for public comment about how to improve the current regulatory system for smaller companies, and how those firms are being impacted by Sarbanes-Oxley (SOX).

The Securities and Exchange Commission (SEC) said in  a Web statement that its Advisory Committee on Smaller Public Companies will consider the public input as it formulates its recommended regulatory changes for eventual presentation to the Commission.

Interested parties can submit input either by mail or via the  SEC Web site . Deadline for the submissions is August 31, 2005.

The SEC established the Advisory Committee in December 2004 to examine the impact of federal securities laws on smaller public companies, with a view to assuring that the costs and burdens of regulation are commensurate with the benefits to investors and the public, the agency said. The Committee will develop recommendations for the SEC and issue a final report by April 2006.