While the SEC issued a record number of proposals and final rules in 2023, the focus has concentrated mostly on investor protection and market structure instead of facilitating capital formation. The SEC’s Office of the Advocate for Small Business Capital Formation recently issued its 2023 report that highlights recent market trends and the group’s policy recommendations for Congress and the SEC to consider in 2024 to improve access to capital, especially for startups and smaller and midsize companies. This article examines trends and recommendations.
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