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2015 SEC Government-Business Forum on Small Business Capital Formation November 19, 2015 Rick A. Fleming Investor Advocate U.S. Securities and Exchange Commission Disclaimer: The U.S. Securities and Exchange Commission, as a matter of policy,


  1. 2015 SEC Government-Business Forum on Small Business Capital Formation November 19, 2015 Rick A. Fleming Investor Advocate U.S. Securities and Exchange Commission Disclaimer: The U.S. Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement of any of its employees. The views expressed herein are those of the author and do not necessarily reflect the views of the Commission, the Commissioners, or the staff of the Commission.

  2. Source: 2013 SCF Chartbook, Survey of Consumer Finances , Sept. 2, 2014, p. 291, available at http://www.federalreserve.gov/econresdata/scf/files/BulletinCharts.pdf 2

  3. Source: 2013 SCF Chartbook, Survey of Consumer Finances , Sept. 2, 2014, p. 324, available at http://www.federalreserve.gov/econresdata/scf/files/BulletinCharts.pdf 3

  4. Source: 2013 SCF Chartbook, Survey of Consumer Finances , Sept. 2, 2014, p. 294, available at http://www.federalreserve.gov/econresdata/scf/files/BulletinCharts.pdf 4

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