SEC appoints new members to Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission (SEC) recently appointed four new members to the Small Business Capital Formation Advisory Committee.

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The new members are Jennifer Newton, StartSmart Counsel managing attorney and founder; Rose Standifer, Foley Hoag LLP partner; Wendy Stevens, Forvis Mazars LLP partner; and Emily Underwood, clinical professor of law, Bluhm-Helfand director of the Innovation Clinic, The University of Chicago Law School.

They join 14 other appointed committee members and will serve four-year terms.

“I thank the new members for their willingness to serve on the advisory committee, which plays an important role in our work to facilitate capital formation for companies of every size,” SEC Chairman Gary Gensler said. “Small businesses employ nearly half of America’s workforce and make up more than 99 percent of America’s businesses. The new members named today understand this well, and I am pleased the SEC will benefit from their valuable experiences and insights.”

The Small Business Capital Formation Advisory Committee provides the SEC with advice and recommendations on rules, regulations, and policy matters relating to small businesses.

The committee also includes an observer appointed by the Financial Industry Regulatory Authority, an SEC small business advocate, and three, government agency, appointed nonvoting members.