Small Business Advocate Releases Annual Report for Fiscal Year 2020

The SEC’s Office of the Advocate for Small Business Capital Formation issued its Annual Report for Fiscal Year 2020 today. The report provides comprehensive data on the state of small business capital formation, a summary of the Office’s activities in supporting small business and their investors, and policy recommendations from the Office. “This year has brought unprecedented challenges for small businesses and their investors that cast a brighter spotlight on the racial inequities that permeate our society,” said Office Director Martha Legg Miller. “While I am optimistic about the entrepreneurs who envision new companies borne out of this pandemic, I am also keenly aware of the present day needs of the myriad of small businesses working to navigate a winding path out of this COVID-19 maze.