SEC Announces Members
of New Investor Advisory Committee
April 9, 2012
The Securities and
Exchange Commission today announced the formation of a new Investor
Advisory Committee required by the Dodd-Frank Wall Street Reform and
Consumer Protection Act.
The 21-member committee replaces the advisory committee that was
disbanded after the Dodd-Frank Act became law. Section 911 of the
Dodd-Frank Act established the new committee to advise the Commission on
regulatory priorities, the regulation of securities products, trading
strategies, fee structures, the effectiveness of disclosure, and on
initiatives to protect investor interests and to promote investor
confidence and the integrity of the securities marketplace. The
Dodd-Frank Act authorizes the committee to submit findings and
recommendations for review and consideration by the Commission.
Members of the newly formed committee were nominated by all five sitting
Commissioners and represent a wide variety of interests, including
senior citizens and other individual investors, mutual funds, pension
funds, and state securities regulators.
"The SEC’s new Investor Advisory Committee is made up of individuals
with a broad range of backgrounds and experiences," said SEC Chairman
Mary Schapiro. "I look forward to their insight and recommendations as
to how we can further the SEC’s critical investor protection mission."
The members of the new Investor Advisory Committee are:
Bradbury, Managing Director and Director of External Affairs, D.E. Shaw
& Co., L.P.
J. Robert Brown, Jr., Law
Professor, University of Denver
Joseph Dear, Chief Investment
Officer, California Public Employees’ Retirement System
Eugene Duffy, Partner and
Principal, Paradigm Asset Management Co. LLC
Roger Ganser, Chairman of the
Board of Directors of BetterInvesting
James Glassman, Executive
Director, George W. Bush Institute
Craig Goettsch, Director of
Investor Education and Consumer Outreach, Iowa Insurance Division
Joseph Grundfest, William A.
Franke Professor of Law and Business, Stanford Law School
Mellody Hobson, President and
Director of Ariel Investments, LLC
Stephen Holmes, General Partner
and Chief Operating Officer, InterWest Partners
Adam Kanzer, Managing Director
and General Counsel of Domini Social Investments and Chief Legal Officer
of the Domini Funds
Roy Katzovicz, Partner,
Investment Team Member and Chief Legal Officer, Pershing Square Capital
Barbara Roper, Director of
Investor Protection, Consumer Federation of America
Kurt Schacht, Managing Director,
Alan Schnitzer, Vice Chairman and
Chief Legal Officer, The Travelers Companies, Inc.
Jean Setzfand, Director of
Financial Security for the AARP
Anne Sheehan, Director of
Corporate Governance, California State Teachers’ Retirement System
Damon Silvers, Associate General
Counsel for the AFL-CIO
Mark Tresnowski, Managing
Director and General Counsel, Madison Dearborn Partners, LLC
Steven Wallman, Founder and Chief
Executive Officer, Foliofn, Inc.
Ann Yerger, Executive Director,
Council of Institutional Investors
The Investor Advisory
Committee will begin its work in the near future.