This coming Friday, April 30, 2021, the Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee will meet to discuss improving access to capital for underserved markets.
According to a note posted by the SEC, following its August 2020 meeting, the Committee presented findings encouraging the Commission to improve access to capital for underrepresented founders and investors. The April 30 meeting will revisit feedback previously shared while a presentation will be conducted by the Office of the Advocate for Small Business Capital Formation.
Following a discussion on potential solutions to improve access to capital, the Committee will deliberate on potential recommendations for the Commission.
In the past, the Committee has championed access to capital advocating for improvements to the securities crowdfunding ecosystem. The SEC does take into consideration recommendations provided by the Committee.
The proceedings will be live-streamed on the SEC website beginning at 10AM ET and concluding at 230PM ET. You can expect an appearance by the SEC Commissioners – including the recently confirmed new Chairman Gary Gensler.