What is ‘SEC Form 15’

SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by publicly-traded companies to revoke the registration of their securities. SEC Form 15 may also be used to notify the SEC and investors of a company’s intent to cease filing various required forms because their securities no longer fall under certain filing requirements. A company must have fewer than 300 shareholders to be eligible to file Form 15.

BREAKING DOWN ‘SEC Form 15’

Reporting requirements under the Securities Exchange Act of 1934 can be onerous for small publicly-listed firms. This is particularly true for these relatively obscure entities that have very little trading of their stock on an exchange. Because of the limited…