"We've changed the whole attitude here at the SEC to basically welcome companies to go public," Atkins said in an interview with Yahoo Finance on Thursday. Atkins said the SEC should require companies to disclose material information rather than peripheral information that veers from that. To that end, the SEC has proposed new rules this year intended to reduce regulations and encourage more companies to go public. The proposed amendments extend all of those benefits to 81% of companies, according to the SEC. However, the remaining companies subject to the most extensive disclosure requirements account for nearly 94% of total public market float, or total shares publicly trading.