Tagged: sbcfac

SEC Small Business Capital Formation Advisory Committee to Tell Commission Don’t Raise Accredited Investor Wealth Hurdles, Seeks to Make Definition More Inclusive

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

The SEC Small Business Capital Formation Advisory Committee to Address Definition of an Accredited Investor Once Again

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

Securities and Exchange Commission Reveals New Rules for SPACs – Commissioners Peirce, Uyeda Slam the New Regulations

Today, at an open meeting, the Securities and Exchange Commission (SEC) revealed new rules that will cover SPACs or Special Purpose Acquisition Companies. SPACs are “blank check” firms that are public firms that are created to enact a merger or acquisition of another firm. As… Read More

SEC Publishes Review on Definition of an Accredited Investor

Today, the staff of the Securities and Exchange Commission (SEC) has issued a report that reviews the definition of an Accredited Investor. In brief, an Accredited Investor is someone who earns over $200,000 a year or has a net worth of over $1 million –… Read More

SEC Small Business Capital Formation Advisory Committee Prepares Another Round of Recommendations on Accredited Investor Definition

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) returned to meet this past week with the definition of an Accredited Investor at the top of the list for discussion. The SBCFAC provides guidance to the Commission on issues that impact smaller firms, which frequently… Read More

SEC Small Business Capital Formation Advisory Committee to Discuss Definition of an Accredited Investor. Again.

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

SEC Small Business Capital Formation Advisory Committee Meeting Scheduled for End of Month

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

SEC Small Business Capital Formation Advisory Committee Posts Agenda for Upcoming Meeting

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

SEC Small Business Capital Formation Advisory Committee Schedules September Meeting

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

DealMaker CEO Rebecca Kacaba Shares Opinion on Capital Markets, Investment Crowdfunding and Opportunity

DealMaker has emerged as a top online capital formation platform providing services to enable the primary issuance of securities across the full stack of crowdfunding exemptions. This includes Reg CF, Reg A+, and Reg D. At the same time, due to its base of operations… Read More

SEC Small Business Capital Formation Advisory Committee Posts Meeting Agenda

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

Newly Reconstituted SEC Small Business Capital Formation Advisory Committee Schedules First Meeting

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

New Members of SEC Small Business Capital Formation Advisory Committee Announced

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) has announced new members following the completion of the majority of members four-year terms. The SBCFAC was created to provide the Commission with recommendations that support smaller firms, improve access to capital and mitigate onerous regulations… Read More

SEC Small Business Capital Formation Advisory Committee Worries that Small Companies May Die on the Vine as Commission Ignores its Recommendations

In a diplomatically worded missive, the Securities and Exchange Commission, Small Business Capital Formation Advisory Committee, has posted a “Parting Perspective Letter” regarding its efforts in recent years while outlining its recommendations – that the Commission has ignored. The letter, signed by Committee Chair Carla… Read More

SEC Small Business Capital Formation Advisory Committee Has Made a Lot of Recommendations to Support SMEs, but the Commission Has Ignored them All

  The SEC Small Business Capital Formation Advisory Committee (SBCFAC) was created by Congress in recognition that smaller firms too frequently did not garner the support they need. The Committee formally provides feedback to the Commission and, ostensibly, the SEC should be reviewing and pursuing… Read More

SEC Small Business Capital Formation Advisory Committee Tells Commission to Add Sophistication Option for Accredited Investor Qualification, Cautions on Undermining Reg D, More

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted two letters advising the Commission on key policy goals that impact capital formation, especially for smaller – private firms. The Committee is the creation of the SEC Small Business… Read More

SEC Office of the Advocate for Small Business Announces New Building Blocks Page for Raising Capital

The SEC Office of the Advocate for Small Business Capital Formation has launched a new section of the Commission’s website outlining the “fundamentals of capital raising.” One of the main missions of the SEC is to facilitate capital formation for both smaller and larger firms. The… Read More

Slowest IPO Market Since 1990: SBCFAC Discusses Dismal Public Offering Market

This past week, the SEC’s Small Business Capital Formation Advisory Committee met to discuss several key topics regarding access to capital and smaller firms. One of the topics revolved around initial public offerings (IPOs), a sector of finance that tanked in 2022. In fact, according… Read More

SEC Small Business Capital Formation Advisory Committee Tells Commission to Make it Easier to Trade Reg A+ Securities

Several weeks back, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) met and discussed secondary transactions for securities issued under Regulation A (Reg A+) as well as Reg CF. Private securities must adhere to various rules for investors to sell a holding creating hurdles… Read More

SEC Small Business Capital Formation Advisory Committee Tells Commission to Make SPACs Work

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is telling the Commission to help SPACs [Special Purposed Acquisition Companies] work – not shut them down by over-regulating. Posted last month, in a letter to Chairman Gary Gensler, the SBCFAC stated:… Read More

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