SEC Announces New Members of Small Business Capital Formation Advisory Committee

{"title":"SEC Reshuffles the Committee That Quietly Writes Your Fundraising Rules","body":"The SEC announced new members to its Small Business Capital Formation Advisory Committee, the body that formally advises the Commission on rules affecting how private and small companies raise capital. The announcement landed alongside a Federal Reserve enforcement notice, putting the story in front of readers who track both regulators — though the specifics of committee composition weren't detailed beyond the appointment itself.\n\nAdvisory committees like this one rarely make headlines, but they're where the groundwork for future rulemaking actually gets laid — Reg CF caps, accredited investor definitions, private placement exemptions, and disclosure thresholds for smaller issuers have all moved through this exact channel before hitting a Federal Register notice. Who gets a seat matters more than most founders realize: committee membership tends to skew toward whichever constituency — VC, PE, fintech platforms, or investor-advocacy groups — has