The U.S. Securities & Exchange Commission issued a call for candidates to fill a limited number of vacancies on its Small Business Capital Formation Advisory Committee, which advises the Commission on rulemaking and policy affecting small businesses, including smaller public companies. Created under the SEC Small Business Advocate Act of 2016, the committee’s remit covers capital raising by emerging privately held small businesses and publicly traded companies with less than USD 250 million in public market capitalization, trading in the securities of emerging and smaller public companies, and public reporting and corporate governance requirements for those issuers. Interested individuals are asked to submit a letter of interest by email to the SEC by Feb. 20, 2026, with relevant experience such as advising or investing in emerging or smaller public companies, serving as an officer or director of a small business, or representing market participants including exchanges, alternative trading systems, broker-dealers, and transfer agents.