Remarks by Commissioner Crenshaw at the 44th Annual SEC Small Business Forum
Good afternoon. It’s a pleasure to be here today. And it’s hard to imagine a more important week to focus on small businesses. It has never been easy to be a small business owner. But, after the whipsawing market events of last week, you could perhaps say there are few times in recent memory when […]
Caroline A. Crenshaw is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks. The views expressed in this post are those of Commissioner Crenshaw and do not necessarily reflect those of the Securities and Exchange Commission or its staff.
Good afternoon. It’s a pleasure to be here today. And it’s hard to imagine a more important week to focus on small businesses.
It has never been easy to be a small business owner. But, after the whipsawing market events of last week, you could perhaps say there are few times in recent memory when it has been more stressful to be a small business. Even with a reprieve, uncertainty and unpredictability are generally bad for business.
Given current circumstances, it is more important than ever that the Commission is mindful of our mission’s directive to facilitate capital formation – particularly for small business owners who usually bear the brunt of adverse market developments. Small businesses already wobbled more due to the recent market volatility than their larger counterparts. Over the course of the last week, the Russell 2000 index, composed of smaller companies, weathered greater losses than other major indices with larger company constituents.
