ProxyDemocracy on SEC Investor Advisory Committee

The SEC is creating an Investor Advisory Committee “to give investors a greater voice in the Commission’s work,” and ProxyDemocracy gets a seat, through our director Mark Latham. As I’ve written previously, Mark’s ideas were a key inspiration for ProxyDemocracy in the beginning, and he’s been a great director since. I’m glad he’s going to be on the committee, both for him and for ProxyDemocracy.

The scope of the committee’s work, according to the press release, is

1. Advising the Commission on matters of concern to investors in the securities markets;
2. Providing the Commission with investors’ perspectives on current, non-enforcement, regulatory issues; and
3. Serving as a source of information and recommendations to the Commission regarding the Commission’s regulatory programs from the point of view of investors.

The other members come from a variety of organizations, including AARP, Charles Schwab, AFL-CIO, CII, and investment companies.

Let’s hope the committee is able to guide the SEC to give investors more of a constructive voice.

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