Investor Choice Advocates Network

The Investor Choice Advocates Network (ICAN) is a nonprofit public interest litigation organization based in the United States. Established with the mission to advocate for small investors and entrepreneurs, ICAN seeks to dismantle barriers to entry in the capital markets and to challenge regulatory overreach by the Securities and Exchange Commission (SEC).

Mission and Vision

ICAN's central mission is to create a more equitable financial landscape by breaking down obstacles that hinder access to capital markets. The organization champions the cause of small investors and entrepreneurs whose contributions are vital to fostering a dynamic economy. ICAN envisions an America where all individuals have the opportunity to enhance their financial conditions and those of their communities through accessible and robust capital markets【1】【2】.

Activities and Initiatives

ICAN engages in various activities aimed at influencing public policy and regulatory frameworks. These include:

• Legal Advocacy: ICAN serves as a legal advocate, representing clients in litigation concerning SEC policies and practices that may adversely affect small investors. The organization aims to establish precedents that protect these stakeholders from excessive regulation【1】【5】.

• Amicus Briefs: The organization actively participates in legal proceedings by submitting amicus curiae briefs. These briefs are filed to provide the court with insights into the potential impacts of legal decisions on investors and the broader market, reinforcing the need for transparent and fair regulations【3】.

• Thought Leadership: ICAN is involved in creating commentary and regulatory letters aimed at informing policymakers and the public about the implications of current securities regulations. Their stance is often in favor of increased transparency and reduced regulatory burdens on smaller market participants【4】.

Recent Initiatives

In 2025, ICAN released a comprehensive SEC Action Plan, marking a significant milestone in its efforts to reform SEC practices and provide relief for those affected by perceived overreach. This plan outlines strategic objectives to advance the interests of its constituents while promoting innovation and entrepreneurship【1】.

Impact

Through its advocacy, ICAN seeks to empower investors and foster a fair and efficient marketplace. The organization believes that by challenging regulatory overreach, it can help create an environment where small businesses and investors can thrive, contributing to economic growth and resilience【2】【5】.

As a 501(c)(3) charitable organization, contributions to ICAN are tax-deductible, reflecting its status as a nonprofit dedicated to public interest and advocacy【3】.

[1] https://www.icanlaw.org [2] https://www.icanlaw.org/about-3 [3] https://www.icanlaw.org/amicusbriefs [4] https://www.sec.gov/comments/s7-12-23/s71223-271899-654402.pdf [5] https://www.guidestar.org/profile/87-3986761