SEC Announces New Members of Small Business Capital Formation Advisory Committee

Washington, D.C.--(Newsfile Corp. - October 30, 2024) - The Securities and Exchange Commission today announced four new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 14 current Commission-appointed committee members.

“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,” said SEC Chair Gary Gensler. “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 new Commission-appointed committee members are:

• Jennifer Newton – Managing Attorney and Founder, StartSmart Counsel; Miami
• Rose Standifer – Partner, Foley Hoag LLP; Denver
• Wendy Stevens – Partner, Forvis Mazars LLP; New York
• Emily Underwood – Clinical Professor of Law, Bluhm-Helfand Director of the Innovation Clinic, The University of Chicago Law School; Chicago

In addition to the 14 appointed members, the current committee members include the SEC’s Small Business Advocate, and three non-voting members appointed by the SEC’s Investor Advocate, the North American Securities Administrators Association, and the Small Business Administration, respectively. The committee also has an observer appointed by the Financial Industry Regulatory Authority.

The committee provides advice and recommendations to the Commission on rules, regulations, and policy matters relating to small businesses, including smaller public companies. Committee members represent a diverse spectrum of entrepreneurs, investors, and advisers who work with early-stage private companies and smaller public companies, including minority- and women-owned small businesses. Additional information about the committee, its members, and prior meeting materials is available on the committee webpage.