The SEC Small Business Capital Formation Advisory Committee was established by the SEC Small Business Advocate Act of 2016, and is designed to provide a formal mechanism for the Commission to receive advice and recommendations on Commission rules, regulations and policy matters relating to small businesses, including smaller public companies. The Committee meets quarterly, and all meetings are open to the public. If you are interested in serving on the Small Business Capital Formation Advisory Committee, please email a letter of interest with applicable information about your relevant experience.

The Committee succeeds the SEC’s former Advisory Committee on Small and Emerging Companies, whose term expired in 2017.

Committee Members

*Committee members include the SEC’s Advocate for Small Business Capital Formation and three non-voting members appointed by each of the SEC’s Investor Advocate, the North American Securities Administrators Association (NASAA), and the Small Business Administration, as well as an observer appointed by the Financial Industry Regulatory Authority (FINRA).

Recommendations of the Small Business Capital Formation Advisory Committee

The Committee has adopted the following recommendations:

Meetings

Public Comments

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