Securities Law News

Search for SEC Small Business Advocate Starts Soon: Piwowar

Feb. 15, 2017, 3:18 PM

The Securities and Exchange Commission is taking steps to set up a small-business advocate office, acting SEC Chairman Michael Piwowar said Feb. 15.

In his first public speech as the agency’s interim leader, Piwowar said the commission will begin its search for a head for the Office of the Advocate for Small Business Capital Formation “in the near future.” The new position was created by the SEC Small Business Advocate Act, which became law in December.

“The law requires that the new advocate be someone who is not a current SEC employee, so I hope you will encourage good candidates...

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