The Securities and Exchange Commission (SEC) has scheduled an open meeting for March 4, 2020, to address access to capital in private markets. The meeting appears to infer a pending rule change that may impact online capital formation.
According to the note posted on the SEC website:
“The Commission will consider whether to propose rule amendments that would facilitate capital formation and increase opportunities for investors by expanding access to capital for entrepreneurs across the United States. Specifically, the proposed amendments would simplify, harmonize, and improve certain aspects of the framework for exemptions from registration under the Securities Act of 1933 to promote capital formation while preserving or enhancing important investor protections. The proposed amendments seek to address gaps and complexities in the exempt offering framework that may impede access to investment opportunities for investors and access to capital for issuers.”
The discussion will bet led by the team at CorpFin.
The meeting is open to the public but it will also be live-streamed on the SEC website. The meeting will start at 11AM ET.
Stay tuned.