Tagged: small business capital formation advisory committee

March 30, 2026 @ 12:55 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to reconvene on April 28th. The meeting will be livestreamed and available to the public. At the last SBCFAC gathering, in February, the group discussed issues like Finders and secondary markets… Read More

January 23, 2026 @ 12:13 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled its next meeting to discuss two key topics: Finders and secondary trading in private securities. Finders has been a long-time issue regarding private securities, specifically early-stage, and the SEC has discussed… Read More

January 21, 2026 @ 9:22 am By JD Alois  |  

The Securities and Exchange Commission (SEC) is soliciting new members of the Small Business Capital Formation Advisory Committee (SBCFAC). The Committee was created by the Small Business Advocate Act of 2016, signed into law by President Obama. The goal is to receive input and recommendations… Read More

November 20, 2024 @ 2:18 pm By JD Alois  |  

Regulation D (Reg D), the leading securities exemption for private offerings, is a huge market measured at over a trillion annually. Under the JOBS Act of 2012, Reg D received an update: old Reg D (506b) was joined by new Reg D (506c), an exemption that… Read More

November 3, 2024 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) has added new members to the committee. According to a statement issued by the SEC, four new members have joined the independent Committee that aims to advise the Commission on policies that… Read More

October 16, 2024 @ 11:36 am By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee Meeting (SBCFAC) has scheduled its next meeting for November 13th. While no agenda has been made available, one probable topic is the recent publication of the SEC’s Small Business Forum Report. The recommendations provided to the Commission… Read More

July 15, 2024 @ 10:23 am By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) has posted its recommendation to the Commission, taking the stance that issuers using Regulation Crowdfunding (Reg CF) should receive some relief under the current requirement to provide reviewed financials starting at an offering of $124,000. The… Read More

July 12, 2024 @ 12:10 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), will meet on July 30th to discuss the Small Business Investment Company (SBIC) Program. The SBIC program is managed by the US Small Business Administration (SBA). SBICs are privately owned and managed funds… Read More

May 16, 2024 @ 6:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced it is looking for candidates for the  Small Business Capital Formation Advisory Committee (SBCFAC). The SBCFAC crafts recommendations to submit to the Commission advocating on behalf of smaller firms in need of capital. This includes feedback on… Read More

May 6, 2024 @ 2:24 pm By JD Alois  |  

After discussing the activity of the Regulation Crowdfunding (Reg CF) market, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has decided to recommend raising the threshold for reviewed financials from $124,000 to $350,000. Currently, reviewed financials cost around $5000 to… Read More

April 26, 2024 @ 7:50 am By Michael Wong  |  

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) is set to convene on Monday, May 6, 2024, to discuss key topics in small business financing, including the state of Regulation Crowdfunding (Reg CF) and trends in angel investing. The meeting, accessible… Read More

April 12, 2024 @ 12:31 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its next meeting for May 6, 2024. As of today, the agenda has not been released. At the last meeting in February, the SBCFAC discussed multiple topics of interest, including a… Read More

February 28, 2024 @ 11:48 am By JD Alois  |  

Yesterday (February 27, 2024), the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), met to discuss several issues of importance that impact early-stage firms. Perhaps the most pressing issue is the definition of an Accredited Investor – a rule the Commission… Read More

February 19, 2024 @ 7:05 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee (SBCFAC)will reconvene once again to discuss the definition of an Accredited Investor. At the same meeting, the Committee will review the status of the IPO market in the US along with several other… Read More

November 22, 2023 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to meet next week, and it has just posted its agenda. Probably the most interesting subject on the list of topics is the segment on the definition of an Accredited… Read More

November 17, 2023 @ 11:36 am By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled a meeting for the end of this month on November 20, 2023. The meeting will begin at 10:00 ET and will be open to the public via a live stream on… Read More

September 13, 2023 @ 4:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted the agenda for its second meeting of 2023. SBCFAC will hold three separate panels, the first being a primer of the operations of the SEC’s Division of Corporate Finance (CorpFin)…. Read More

September 6, 2023 @ 9:59 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that the Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to take place on September 19th. This is only the second meeting following the Commission’s change of members on SBCFAC. An agenda is not… Read More

June 2, 2023 @ 3:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted its first agenda following the new incarnation of the Committee with an almost completely new group of members. The agenda for the meeting, available below, includes Member Observations on the… Read More

May 23, 2023 @ 12:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled its first meeting of 2023 following the influx of new members announced earlier this month. The meeting, which is open to the public and will be live-streamed on the SEC… Read More