U.S. Security and Exchange Commission Final Report of the Annual SEC Government-Based Forum on Small Business Capital Formation (24th). Held in San Francisco, California on September 19, 2005

摘要

As mandated by the Small Business Investment Incentive Act of 1980, the U.S. Securities and Exchange Commission hosts an annual forum that focuses on the capital formation concerns of small business. Called the SEC Government-Business Forum on Small Business Capital Formation, this gathering has assembled every year since 1982. A major purpose of the Forum is to provide a platform for small business to highlight perceived impediments in the capital-raising process and address whether they can be reduced. Each Forum seeks to develop recommendations for governmental and private actions to improve the environment for small business capital formation, consistent with other public policy goals, including investor protection. Prior Forums have published numerous recommendations in the areas of securities and financial services regulation, taxation and state and federal assistance, many of which have been implemented. The Commission hosted the 2005 Forum, the 24th, at the Hyatt at Fisherman's Wharf Hotel, San Francisco, California, on September 19, 2005. The Forum was held in conjunction with a meeting of the SEC Advisory Committee on Smaller Public Companies on September 19 and 20, 2005 at the same location. The Forums recommendations were presented publicly at a meeting of the Advisory Committee on the morning of September 20, 2005.