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The SEC Small Business Capital Formation Advisory Committee was established by the SEC Small Business Advocate Act of 2016, and is designed to provide a formal mechanism for the Commission to receive advice and recommendations on Commission rules, regulations and policy matters relating to small businesses, including smaller public companies.

Committee Members

  • Robert Fox
    National Managing Partner, Professional Standards Group, Grant Thornton LLP; Chicago, IL
  • Carla Garrett
    Corporate Partner, Potomac Law Group PLLC; Washington, DC
  • Stephen Graham
    Co-Chair, Fenwick & West LLP’s Life Sciences Practice; Seattle, WA
  • Sara Hanks
    CEO and Co-Founder, CrowdCheck, Inc.; Alexandria, VA
  • Youngro Lee
    CEO and Co-Founder, NextSeed; Houston, TX
  • Brian Levey
    Chief Business Affairs and Legal Officer, Upwork Inc.; Mountain View, CA
  • Terry McNew
    President and CEO, MasterCraft Boat Holdings; Vonore, TN
  • Sapna Mehta
    General Counsel & Chief Compliance Officer, Rise of the Rest Seed Fund; Associate General Counsel, Revolution; Washington, DC
  • Karen Mills
    President, MMP Group, Inc.; Boston, MA
  • Catherine Mott
    Founder and CEO of BlueTree Capital Group, BlueTree Allied Angels, and BlueTree Venture Fund; Pittsburgh, PA
  • Poorvi Patodia
    CEO and Founder, Biena Snacks; Allston, MA
  • Jason Seats
    Chief Investment Officer, Techstars; Austin, TX
  • Jeffrey M. Solomon
    Chief Executive Officer, Cowen, Inc.; New York, NY
  • Hank Torbert
    President, AltaMax, LLC; New Orleans, LA
  • Gregory Yadley
    Partner, Shumaker, Loop & Kendrick, LLP; Tampa, FL

Committee members will also include the SEC’s Advocate for Small Business Capital Formation, Martha Legg Miller, and three non-voting members appointed by each of the SEC’s Investor Advocate, the North American Securities Administrators Association, and the Small Business Administration. The Committee will also have an observer appointed by the Financial Industry Regulatory Authority.

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SEC Announces Members of Small Business Capital Formation Advisory Committee
May 6, 2019

Information on Former Advisory Committee on Small and Emerging Companies

The Small Business Capital Formation Advisory Committee replaces the Advisory Committee on Small and Emerging Companies, whose term expired in 2017.

Final report from Sept 2017

Recommendations 2012-2017

Meeting materials 2012-2017