The Securities and Exchange Commission has published the agenda, along with the names of the associated panelists, for the 2014 SEC Government-Business Forum on Small Business Capital Formation. Each of the five sitting Commissioners are expected to be in attendance including Chair Mary Jo White.
The scheduled topics for this years forum include secondary markets for securities in small companies and the associated challenges. This has been paired with the definition of an accredited investor.
The agenda in its entirety is replicated below.
The event is open to the public. Prior registration is requested.
2014 SEC Government-Business Forum on Small Business Capital Formation
SEC Headquarters
Washington, D.C.
November 20, 2014
Agenda
9:00 a.m. Call to Order
Sebastian Gomez Abero, Chief, Office of Small Business Policy
SEC Division of Corporation Finance
Introductions of Chair and Commissioners
Keith F. Higgins, Director, SEC Division of Corporation Finance
Remarks
Chair Mary Jo White
Commissioner Luis A. Aguilar
Commissioner Daniel M. Gallagher
Commissioner Kara M. Stein
Commissioner Michael S. Piwowar
9:50 a.m. Secondary Market Liquidity for Securities of Small Businesses*Moderators:
Stephen Luparello, Director, SEC Division of Trading and Markets
Stanley Keller, Partner, Edwards Wildman Palmer LLP, Boston, Massachusetts
Panelists:
Vladimir Ivanov, Financial Economist, SEC Division of Economic and Risk Analysis
Michael L. Zuppone, Partner, Paul Hastings, New York, New York
R. Cromwell Coulson, President and CEO of OTC Markets Group, Inc.
Robert Malin, Vice President of Sales, NASDAQ Private Market
A. Heath Abshure, Arkansas Securities Commissioner, Little Rock, Arkansas
11:10 a.m. Break
11:20 a.m. Should the Commission Revise the Accredited Investor Definition?*
Moderators:
Keith F. Higgins, Director, SEC Division of Corporation Finance
Stanley Keller, Partner, Edwards Wildman Palmer LLP, Boston, Massachusetts
Panelists:
Rachita Gullapalli, Financial Economist, SEC Division of Economic and Risk Analysis
Prof. Donald C. Langevoort, Georgetown University Law Center, Washington, D.C.
Jean Peters, Board Member, Angel Capital Association; Managing Director, Golden Seeds Fund LP
A. Heath Abshure, Arkansas Securities Commissioner, Little Rock, Arkansas
12:40 p.m. Lunch Break
2:00 p.m. Breakout Groups Assemble to Develop Recommendations
Exempt Securities Offerings Breakout Group
Moderator:
Gregory C. Yadley, Partner, Shumaker, Loop & Kendrick, LLP, Tampa, Florida
Secondary Market Liquidity for Securities of Small Businesses Breakout Group
Moderators:
Michael L. Zuppone, Partner, Paul Hastings, New York, New York
Accredited Investor Breakout Group
Moderators:
Deborah S. Froling, Partner, Arent Fox LLP, Washington, D.C.
Disclosure Effectiveness for Smaller Reporting Companies Breakout Group
Moderators:
Thomas J. Kim, Partner, Sidley Austin LLP, Washington, D.C.
3:15 p.m. Break
3:30 p.m. Breakout Group Develop Recommendations (continued)
5:00 p.m. Plenary Session to Develop Next Steps
Moderators:
Sebastian Gomez Abero, Chief, Office of Small Business Policy, SEC Division of Corporation Finance
Gregory C. Yadley, Partner, Shumaker, Loop & Kendrick, LLP, Tampa, Florida
5:30 p.m. Networking Reception at Nearby Restaurant
