The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee said it will consider IPO modernization efforts and potential policy changes to Regulation Crowdfunding at its next meeting.
The meeting at 10 a.m. on Oct. 27, will be held at the SEC’s headquarters, 100 F Street, N.E., Washington, D.C., and will be open to the public. The committee’s discussion will also be livestreamed on SEC. gov, officials said.
Building on previous committee meetings, the session will focus on how to encourage more companies to go public. The committee will consider ways to modernize the IPO process and potential regulatory reforms aimed at modernizing the offering process, as well as IPO communication rules, and analyst coverage and support. In the afternoon, the committee will consider Regulation Crowdfunding and whether there are policy changes that could improve the exemption in order to further expand access to early-stage capital raising.
Regulation Crowdfunding will mark its 10-year anniversary since adoption, the committee will discuss the current regulatory framework, successes to-date, challenges, and whether there are potential policy changes to Reg CF that could improve the exemption in order to further expand access to early-stage capital raising. Members will hear from several experienced professionals in the crowdfunding space including Brian Belley, chief technology officer with Kingscrowd; Sherwood Neiss, principal of Crowdfund Capital Advisors; Nicholas Tommarello, founder & CEO, Wefunder.
The Small Business Capital Formation Advisory Committee provides advice and recommendations to the SEC on rules, regulations, and policy matters relating to small businesses.