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SEC to Decide on XBRL Posted: May 5th, 2008 The SEC will propose rules mandating the use of XBRL during an open meeting on May 14, 2008. | Changeover to the SEC's New Smaller Reporting Company System Posted: February 15th, 2008 The SEC has adopted a new system of disclosure rules for smaller companies filing periodic reports and registration statements with the SEC. The new rules are effective February 4, 2008. Form types 10QSB, 10KSB, SB-2, 10-SB, are slowly being phased out as a result of this new system. Companies with a year end of December 31st will be required to file under form types 10-K and 10-Q on reports beginning with the first quarter of 2008. Click to view a summary on the SEC web site. | Electronic Submission of Form D Posted: February 15th, 2008 The SEC will be mandating the electronic filing of Form D through the internet beginning September 15, 2008. Click to view the official SEC rule release. | SEC Now Using U.S. Bank of St. Louis Missouri Posted: February 4th, 2008 The U.S. Department of Treasury’s Financial Management Service has designated U.S. Bank of St. Louis, Missouri as the new Financial Agent for General Lockbox Services for the SEC. US Bank will take over this responsibility from Mellon Bank on February 4, 2008. All fee payments (wires and checks) must be submitted to US Bank on and after this date. No payments should be submitted to Mellon Bank after February 1, 2008. |
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