On July 3, 2023, the SEC's relief for broker-dealers from investment adviser regulation in connection with the provision of research to EU investment managers expired. SEC Commissioner Mark T. Uyeda urged the SEC to engage in a "holistic review of the regulatory framework for investment research."
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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.
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.