Martha Miller Named Advocate for Small Business Capital Formation

The Securities and Exchange Commission today announced that Martha Legg Miller has been named as the first Advocate for Small Business Capital Formation. The position and the new Office of the Advocate for Small Business Capital Formation were created pursuant to the bipartisan SEC Small Business Advocate Act of 2016. As the Advocate for Small Business Capital Formation, Ms. Miller will oversee the office dedicated to continuing to advance the interests of small businesses and their investors at the SEC and in our capital markets. The office will, among other things, provide assistance to small businesses, conduct outreach to better understand the obstacles small businesses face when attempting to access the capital markets, and recommend improvements to the regulatory environment to help facilitate capital formation.