Securities Advisory: Michael R. McAlevey, Deputy Director of the Division of Corporation Finance of the Securities and Exchange Commission Speaks on Recent Developments at the Division of Corporation Finance of the SEC.
11/12/2001
This advisory describes the discussion that took place on October 26, 2001 when Michael R. McAlevey, Deputy Director of the Division of Corporation Finance of the SEC, spoke on recent developments at the SEC at the 19th Annual New England Business & Securities Law Conference. Mr. McAlevey discussed the SEC's response to the terrorist attacks of September 11, 2001 and the specific steps the SEC has taken to give relief to the capital markets. He also discussed industry-specific relief the SEC provided the airline and insurance industries, and noted significant policy changes regarding IPOs that affect all industries. Additionally, he described the reexamination by the SEC of how it balances the need for investor protection against the sometimes conflicting goal of capital formation.
