Statement Summary
The Securities and Exchange Commission (SEC) has appointed five new members to the Small Business Capital Formation Advisory Committee, enhancing its roster to 20. These members will serve four-year terms and will work alongside existing committee members to advise the SEC on facilitating capital formation for entrepreneurs. SEC Chairman Paul S. Atkins emphasized the significance of the committee in improving access to capital for small businesses.
The committee, which also includes non-voting members from various organizations, provides insights on regulations and policies affecting small businesses and early-stage companies. Further details about the committee and its activities can be accessed on their official webpage.
Original Statement
The Securities and Exchange Commission today announced five new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 15 current Commission-appointed committee members.
“I thank the new members for their willingness to serve on the advisory committee, which plays an important role in advising the Commission in our work to facilitate capital formation for entrepreneurs across the country,” said SEC Chairman Paul S. Atkins. “I am grateful that the SEC will benefit from these new members’ collective experiences and look forward to continuing to work with current members to improve pathways and access to capital for small businesses in the private and public markets.”
The new Commission-appointed committee members are: In addition to the 15 appointed members, the current committee members include three non-voting members appointed by the SEC’s Investor Advocate, the North American Securities Administrators Association, and the Small Business Administration. The committee also has an observer appointed by the Financial Industry Regulatory Authority.
The committee provides advice and recommendations to the Commission on rules, regulations, and policy matters relating to small businesses, including smaller public companies. Committee members represent a broad spectrum of entrepreneurs, investors, and advisers who work with early-stage private companies and smaller public companies. Additional information about the committee, its members, and prior meeting materials is available on the Committee webpage.
