A bit over five months after the event occurred, the Securities and Exchange Commission has published the final report on the Forum on Small Business Capital Formation. Each year at SEC HQ, the determined few gather at the SEC to discuss and debate how access to capital can be improved for SMEs. The annual forum is mandated under the Small Business Investment Incentive Act of 1980. Every year great ideas are captured and correlated with the hope that appointed and elected officials may be coaxed into improving the environment for SMEs a bit more.
While the Forum holds merit, the results are more guidance than anything than anything else. The list of recommendations from the November meeting include 15 different areas of securities rules each designed to improve capital formation for smaller companies, the engine of economic growth. Some of the recommendations include expanding the definition of an accredited investor, expanding the availability of Reg A+ (Tier 2) and more.
The report is embedded below.
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