New SEC report focuses on recommendations for increasing small business capital formation
A Securities Exchange Commission (SEC) report contains over 20 recommendations for the SEC to consider that would improve small business capital formation. The report, released in April, stems from the 36th annual Government-Business Forum on Small Business Capital Formation – a daylong event held late last year. Its recommendations include issues related to the definition of accredited investors; rules changes that would increase the number of Regulation A+ and Regulation Crowdfunding offerings; and, a revised regulatory regime (based upon the European regulatory regime) to improve peer-to-peer lending.
The SEC is in the process of considering new rules to expand the definition of “smaller reporting companies” to make public capital markets a more attractive option for startups and other businesses, according to SEC Chairman Jay Clayton’s comments at the forum.
In addition to the report, those interested can watch a recording of the forum’s webcast as well as download the discussion and panelist materials. The SEC is currently accepting suggested topics for discussion at the 2018 Forum.
capital, federal agency, crowdfunding