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Securities Exchange Act of 1934

A major law in the United States that governs the trading of securities (like stocks and bonds) on secondary markets and regulates brokers and exchanges.

Advocate for Small Business Capital Formation

A position within the Securities and Exchange Commission (SEC) dedicated to advocating for small businesses and their access to funding, and identifying unnecessary regulatory burdens.

Capital Formation

The process by which businesses raise money (capital) to fund their operations, growth, and investments, often through selling ownership shares or borrowing.

Underrepresented Small Businesses

Small businesses that traditionally face greater challenges in accessing financial resources or business opportunities, often including those owned by women or minorities.

State Securities Commissions

Government agencies in each U.S. state responsible for regulating securities offerings and sales within their state, also known as 'blue sky laws'.