The SEC has announced that the day prior to its Government Business Forum on Small Business Capital Formation, it will host jointly with the Small Business Administration to highlight additional ways that small businesses may seek to raise funds. See announcement for details regarding the November 19 event: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543438456#.VGkj6010ziM.

The SEC also announced the detailed agenda for the Forum on November 20 (see: http://www.sec.gov/info/smallbus/sbforum112014-agenda.htm), which will include discussions regarding private secondary markets, the accredited investor definition, and various breakout sessions.

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP. All rights reserved