Securities and Exchange Commission (SEC) officials said the agency is seeking candidates for appointment to its Small Business Capital Formation Advisory Committee.
“The Small Business Capital Formation Advisory Committee and its members are key to ensuring a wide array of perspectives are represented in SEC policymaking,” SEC Chairman Gary Gensler said. “I look forward to working with the members of the Committee to continue to uphold the SEC’s mandate to facilitate capital formation for companies of all sizes while ensuring investors are adequately protected.”
The SEC Small Business Advocate Act of 2016 established the Small Business Capital Formation Advisory Committee to provide advice and recommendations on SEC rules, regulations, and policy matters regarding small businesses, including smaller public companies.
Per the SEC, candidate submissions must be received by Feb. 17, 2023, with relevant experience, including representing emerging companies engaging in private and limited securities offerings or considering an initial public offering (IPO), professional advisors of such companies, and investors in such companies; representing smaller public companies, the professional advisors of such companies, and the pre-IPO and post-IPO investors in such companies; and representing participants in the marketplace for the securities of emerging companies and smaller public companies.
The Small Business Capital Formation Advisory Committee’s scope of work includes advising and consulting with the SEC on rules, regulations, and policies involving capital raising by privately held small businesses and publicly traded companies with less than $250 million in public market capitalization; trading in securities of emerging companies and smaller public companies; and public reporting and corporate governance requirements of emerging companies and smaller public companies.