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The SEC recently announced that it is seeking candidates for appointment to the Small Business Capital Formation Advisory Committee, which provides advice and recommendations to the Commission on rules, regulations, and policy matters relating to small businesses. The committee was established by the SEC Small Business Advocate Act of 2016. The SEC’s announcement notes:

The committee advises and consults with the Commission on rules, regulations, and policies as they relate to:

– Capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization;

– Trading in the securities of emerging companies and smaller public companies; and

– Public reporting and corporate governance requirements of emerging companies and smaller public companies.

Interested persons should email a letter of interest to smallbusiness@sec.gov with information about their relevant experience. The deadline for submissions is June 14, 2024. The SEC’s announcement lists the particular experience that would be relevant to service on the Small Business Capital Formation Advisory Committee.

– Dave Lynn