On December 18, 2020, the SEC’s Office of the Advocate for Small Business Capital Formation issued its
Annual Report for Fiscal Year 2020. This report contains comprehensive data on the state of small business capital formation, as well as a summary of the office’s activities in supporting small business and their investors. The report also includes policy recommendations. This year the report features a discussion of the impacts the COVID-19 pandemic has had on small businesses and small business capital formation.
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