Small Business Advocate Releases First Annual Report

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation today released its inaugural Annual Report for Fiscal Year 2019. The report is available for download here. The office is the SEC’s newest, having launched operations in January 2019. The report provides a retrospective of the office’s first year, including engagements with small businesses and investors across the country designed to bring their voices and perspectives to the SEC on small business capital formation issues. The report also features data on the state of U.S. small business capital formation as well as policy recommendations from the office.