[ by Melanie Gretchen ]

The SEC formed a new Investor Advisory Committee, as mandated by the Dodd-Frank Reform Act.  The 21-member committee replaces the advisory committee that was disbanded after Dodd-Frank became law.

The function of the Committee will be to advise the SEC on regulatory priorities, regulation of securities products, trading strategies, fee structures, effectiveness of disclosure, and initiatives to protect investor interests and to promote investor confidence and integrity of the securities marketplace.

Dodd-Frank further authorizes the committee to submit findings and recommendations for review and consideration by the Commission.  Nominated by all 5 sitting Commissioners, the members 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.  I look forward to their insight and recommendations as to how we can further the SEC’s critical investor protection mission." -- Mary Schapiro, SEC Chairman

The members of the new Investor Advisory Committee are:

• Darcy 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, Senior Executive Vice President, 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 Management, L.P.
• Barbara Roper, Director of Investor Protection, Consumer Federation of America
• Kurt Schacht, Managing Director, CFA Institute
• 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

For further details, go to [SEC, 4/9/12].