Small Business Advisory Committee to Host Meeting to Discuss Alternatives to Traditional Private Company Financing, Private Fund Reforms, and Public Company Investment Research

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 7. The Committee will discuss alternative approaches to private company financing, the Commission’s February 2022 proposal regarding private fund advisers, and the role of equity research for smaller public companies and investors. Members of the public can watch the live meeting via webcast on www.sec.gov.

The Committee, which provides advice and recommendations to the Commission on rules, regulations, and policy matters relating to small businesses, will start the morning session by exploring revenue-based financing and other alternatives to traditional bank or venture capital funding for smaller private companies. The Committee will finish the morning session by discussing the Commission’s proposed new rules and amendments related to the regulation of private fund advisors and hear from invited panelists about how the proposal may impact early-stage venture capital funds.

In the afternoon session, the Committee will examine the current availability of public company investment research prepared by broker-dealer firms, including what impact its availability has on liquidity for smaller public companies, how the analysis reaches investors, and the value of that research for investors. Panelists will share market data and insights with the Committee.

The full agenda, meeting materials, and information on how to watch the meeting are available on the Committee webpage.