SEC Commissioners asked the Small Business Capital Formation Advisory Committee to address capital raising in the context of current market conditions, including among others, rising interest rates and the increasing use of artificial intelligence.
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The comment deadline was officially set for the SEC's proposed (i) amendments to current requirements on clearing agencies' risk-based margin systems and (ii) new rule on the content of clearing agencies' recovery and wind-down plans. The July 17, 2023 comment deadline was published in the Federal Register.
In its annual report, the SEC Office of the Advocate for Small Business Capital Formation offered recommendations to improve capital raising for entrepreneurs and investors.
The SEC approved separate proposals by the National Securities Clearing Corporation, the Fixed Income Clearing Corporation and the Depository Trust Company to increase certain minimum capital requirements for members and make other adjustments.
SEC Deputy Director of the Office of the Advocate for Small Business Capital Formation Sebastian Gomez Abero touted the "expanded capital raising pathways" under the 2012 JOBS Act and urged practitioners to utilize resources now available in the SEC's consolidated Capital Raising Hub.