The U.S. Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that it will hold a public meeting at SEC Headquarters in Washington, D.C. on Feb. 24, 2026, with a webcast on the SEC website. The agenda includes continued discussion of potential regulatory improvements affecting “finders” that assist companies raising capital in private markets from accredited investors, alongside an initial exploration of the private secondary market. To deepen its work on “finders,” the committee will hear from Steven Jafarzadeh, chief compliance officer and partner at Stonehaven. The afternoon session will include an overview from SEC Office of the Advocate for Small Business Capital Formation staff on the office’s 2025 Staff Report on capital raising activity from startup to small cap, followed by discussion of private secondary market growth and related structures such as continuation funds, special purpose vehicles, and private tender offers, with panelists Emily Zheng (Pitchbook), Nigel Dawn (Evercore), and William Duval (Cooley LLP). The meeting is scheduled to begin at 10 a.m. ET, and the SEC has directed readers to the committee webpage for additional details and the full agenda.
U.S. Securities & Exchange Commission 2026-01-22
U.S. Securities and Exchange Commission schedules Feb. 24 Small Business Capital Formation Advisory Committee meeting on finders and the private secondary market
The U.S. Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will hold a public meeting on February 24, 2026, to discuss regulatory improvements for "finders" in private markets and explore the private secondary market, featuring insights from industry experts and SEC staff.