The U.S. Securities & Exchange Commission’s Small Business Capital Formation Advisory Committee announced it will hold a public meeting on July 22, 2025 at the SEC’s Washington, D.C. headquarters to advance its work on potential updates to Regulation A and to explore possible regulatory approaches for “finders” who assist companies with limited private-market capital raising. The agenda is set to begin with finalizing the committee’s discussion of potential regulatory improvements to Regulation A, building on ideas from its prior meeting, before turning to “finders” and related matters aimed at supporting small business access to capital. Staff from the SEC’s Division of Trading and Markets will provide an overview of the SEC’s 2020 proposal for a limited, conditional exemption from broker registration for finders, and industry speakers Gary Ross (Ross Law Group) and Kelley Arena (Golden Hour Ventures) will discuss the role of finders and possible regulatory solutions, including potential principles, conditions, and safeguards.
U.S. Securities & Exchange Commission 2025-07-07
U.S. Securities & Exchange Commission Small Business Capital Formation Advisory Committee schedules July 22 meeting on Regulation A improvements and a potential framework for finders
The SEC’s Small Business Capital Formation Advisory Committee will meet publicly on July 22, 2025, to discuss Regulation A updates and approaches for "finders" in private-market capital raising. The agenda includes finalizing Regulation A improvements and exploring a limited exemption from broker registration for finders. Industry experts will provide insights on regulatory solutions and safeguards.