OTC Markets Tells SEC: Extend Eligibility of Reg A+ to All Smaller Reporting Companies

OTC Markets (OTCQX: OTCM) has filed a petition with the Securities and Exchange Commission requesting the SEC to extend amendments under Reg A+ to a far wider range of SEC reporting companies.

R. Cromwell Coulson, CEO of OTC Markets, explained that Reg A+ securities offerings are perfect for smaller companies.  Yet the SEC missed an opportunity to improve access to capital and support small company growth.  Coulson believes expanding issuer eligibilityto all smaller reporting companies is win for the economy as well as a boost for SMEs.