![SEC NEWS - SEC-PR-2024-56](https://jcap101.com/wp-content/uploads/2024/01/75-SEC.png)
- Source: https://www.sec.gov/newsroom/press-releases/2024-56
- Download: SEC-PR-2024-56 ⊗ (PDF)
SEC Seeks Candidates for Small Business Capital Formation Advisory Committee.
The committee was established by the SEC Small Business Advocate Act of 2016 ⊗ (PDF). Consistent with statutory requirements, committee members represent a diverse spectrum of leaders, investors, and advisors who work with early-stage private companies and smaller public companies, including minority- and women-owned small businesses.
The committee advises and consults with the Commission on rules, regulations, and policies as they relate to:
- Capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization;
- Trading in the securities of emerging companies and smaller public companies; and
- Public reporting and corporate governance requirements of emerging companies and smaller public companies.
“The SEC’s decision-making benefits from a wide array of inputs, including perspectives of the Small Business Capital Formation Advisory Committee and its members,” said SEC Chairman Gary Gensler. “I look forward to working with the committee to continue upholding the SEC’s mandate to facilitate capital formation for companies of all sizes, while protecting investors across America.”
Members of the public interested in serving on the committee should promptly email a letter of interest to smallbusiness@sec.gov with applicable information about their relevant experience. The deadline for submissions is June 14, 2024.
Relevant experience may include:
- Representing emerging companies engaging in private and limited securities offerings or considering an initial public offering (IPO), professional advisors of such companies (including attorneys, accountants, investment bankers, and financial advisors), and investors in such companies;
- Service as an officer or director of minority-owned small businesses or women-owned small businesses;
- Representing smaller public companies, the professional advisors of such companies (including attorneys, accountants, investment bankers, and financial advisors), 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, such as securities exchanges, alternative trading systems, analysts, information processors, and transfer agents.
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