Today, February 7, 2023, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will host a meeting to discuss several matters.  The Committee will discuss alternatives to traditional bank and venture capital funding for small and mid-size private companies.  Next, the Committee will discuss rules and amendments first proposed in February 2022 pertaining to the regulation of private fund advisors and how these proposed amendments may impact venture capital funds.  See our alert on the proposed amendments here. Last, the Committee will examine the role of equity research on smaller public companies, who uses and pays for the analysis, how that analysis reaches investors, including retail investors, and the value of that research for investors.

The meeting will commence at 10:00 ET and is open to the public via webcast on the SEC’s website. See the meeting agenda for more information.