SEC Small Business Advisory Committee to Discuss Regulatory Framework for Finders and Continue Exploring Regulation A

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that it will hold a meeting at the SEC Headquarters in Washington D.C on Tuesday, July 22, 2025 at 10 a.m. E.T. The meeting will be open to the public, in-person, as well as webcast on the SEC website, and will explore Regulation A and the topic of “finders,” persons who assist companies with limited capital-raising activities in private markets. The meeting will start by finalizing discussion of potential regulatory improvements to Regulation A, building upon ideas generated during the previous committee meeting. In keeping with the committee’s efforts to promote small business capital formation, including access to capital for founders who are building businesses outside of prominent entrepreneurial hubs or without robust capital-raising networks, the committee will spend the remainder of the meeting exploring “finders” and related matters.