The Securities and Exchange Commission (SEC) has announced the launch of a nationwide search to fill the position of the Advocate for Small Business Capital Formation. The new post was created by legislation signed into law at the end of 2016. The mission of the Advocate will be to champion the needs of requirements of small business – a sector of the economy that is too frequently is ignored, or perhaps undermined, by regulatory actions designed to address big business. The creation of the Advocate was first championed on the pages of Crowdfund Insider .
The Advocate may become a powerful voice for small businesses and small business investors, providing assistance, conducting outreach to better understand their concerns and recommending improvements to the regulatory environment. Small businesses are the engines of economic growth and thus are incredibly important to the country.
The Advocate will be appointed and report to the SEC Chairman and Commissioners and will be responsible for establishing and overseeing a new SEC office – the Office of the Advocate for Small Business Capital Formation – with the mission of advocating for the interests of small businesses and small business investors.
How to apply
Interested individuals should review the detailed information in the vacancy announcement, which is available here. To be considered for the Advocate position, an applicant should please submit the following to Kristin Andrews at andrewskr@sec.gov