SEC Small Business Advisory Committee To Explore Regulation A

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that its meeting on Tuesday, May 6, 2025, will focus on the practical market considerations and regulatory challenges of Regulation A. Members of the public can watch the live meeting via webcast on www.sec.gov.

The meeting will begin with SEC staff giving an overview of Regulation A and how companies have used it to raise capital. The committee will then discuss the advantages and limits of Regulation A, and explore whether there are regulatory changes that could help facilitate capital formation pursuant to it. The committee will also consider exit opportunities for investors in Regulation A deals and secondary market liquidity challenges. To facilitate discussion, committee members will hear from Daniel Forman, partner at Lowenstein Sandler LLP.

The full agenda, meeting materials, and information on how to watch the meeting are available on the committee webpage. The Small Business Advisory Committee provides advice and recommendations to the SEC on rules, regulations, and policy matters relating to small businesses.