TAMPA, FL – Tampa Partner Greg Yadley has taken a lead role in crafting a recommendation to the U.S. Securities and Exchange Commission to increase diversity among entrepreneurs and investors. Greg is a member of the SEC Small Business Capital Formation Advisory Committee which is in the final stages of approving the language of the recommendation. The goal of the recommendation is to encourage the U.S. Securities and Exchange Commission to take action to increase diversity among both entrepreneurs and investors, particularly women and minorities. While the text of the recommendation has not yet been finalized, the Committee asserted that access to capital is a powerful tool for wealth creation and racial equity for all Americans. Accordingly, regulatory action to improve the current system in which women and people of color are underrepresented and not adequately supported by the system requires immediate attention in the Committee’s view.
“A unanimous recommendation of this citizen’s group that speaks with one voice gives us the best chance of a level playing field when it gets to the commissioners and the staff writing the rules,” Greg stated at the Advisory Committee’s public meeting.
Greg was named as an inaugural member of the SEC Small Business Capital Formation Advisory Committee last year. The group, established by Congress, 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. The Committee replaced the Advisory Committee on Small and Emerging Companies, whose charter expired in 2017. Greg was also a member of that prior committee.
Because the current Committee was established by Congress, its recommendations bear more weight than previous committees.
Having worked across a broad range of industries and having handled transactions of all sizes, Greg brings a wealth of experience to clients in representing business entities, including closely-held and family businesses and large and small public companies. Practicing for more than 40 years has allowed him a deep understanding of what the various participants in a transaction are looking for across the spectrum, which enables him to successfully represent clients in a variety of matters.
***
Founded in 1925, Shumaker, Loop & Kendrick, LLP is a full-service law firm with more than 260 lawyers across seven offices in five states. Shumaker is a premier provider of quality legal services. Whether it's commitment to clients or work in the community, involvement lies at the core of all of Shumaker’s initiatives.