IPO Reporting Requirements

All publicly traded companies are required to file informational reports to the SEC on an ongoing basis. Until 1964, companies listed on a public exchange and companies that traded over-the-counter did not have the same registration and reporting requirements. While all companies issuing securities to the public had to file a registration statement with the SEC, only those listed on an exchange had to keep their registration information up to date with periodic reports. OTC issuers were relieved of that obligation, if the total value of thei