Yesterday, Wednesday Nov. 29, the SEC’s Small Business Capital Formation Advisory Committee met to deliberate on topics including what it means to be an accredited investor. Supporters argue that it is high time for a revised definition, as the current one has not been updated since 1982. Others suggested it will help achieve gender parity and diversity while providing a platform for retail investors who are smart enough to understand the risks of private placement, yet excluded due net worth thresholds.

Despite challenging times in the small cap market, Planet MicroCap last week was buzzing with optimism. Investors present at the conference hinted that this could be one of the most opportune moments for small caps in years. While the landscape over the last 12 months has been rocky, there's a collective belief that change may be underfoot.