On August 5th, the SEC released procedures that create a staff-led process to nominate candidates for appointment to the Investor Advisory Committee. A nominating committee comprised of individuals from across the SEC’s divisions and offices will identify candidates for vacancies on the Investment Advisory Committee. Initially, this nominating committee will be chaired by Robert Marchman, Senior Policy Advisor for Diversity and Inclusion.
The nomination process has been designed to promote a diversity of backgrounds, expertise, and perspectives that will aid the Committee in addressing the wide range of issues affecting investors. Candidates will be identified based on functional membership categories published on the SEC’s website. This approach has been effective with other advisory committees within the SEC. The SEC is also encouraging members of the public to express their interest in serving on the Committee.
The Investor Advisory Committee advises the SEC on:
- the SEC’s regulatory priorities
- issues relating to the regulation of securities products, trading strategies, fee structures, and the effectiveness of disclosure
- initiatives to protect investor interests
- initiatives to promote investor confidence and the integrity of the securities marketplace
Members of the public who are interested in serving on the Investor Advisory Committee should email a letter of interest to IAC-Candidates@sec.gov with their applicable information and relevant experience.
Sources:
SEC Provides Transparency to the Process of Nominating Candidates to the Investor Advisory Committee (www.sec.gov)
Procedures for Appointments to the Investor Advisory Committee (www.sec.gov)
