Section 911 of the Dodd-Frank Act established the new Investor Advisory 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. (Links to the Committee’s recommendations can be found below.) Members of the Committee are chosen from among knowledgeable representatives of both retail and institutional investors. (Links to the biographies of current Committee members can be found below.) If you think you might be interested in serving on the Investor Advisory Committee, please review the following for information on eligibility criteria, how to apply, and what to expect if you are chosen to serve.

The application period, announced by the Commission on March 26, 2024, for membership to the U.S. Securities and Exchange Commission’s Investor Advisory Committee is closed.

Committee Members

Officers

Members

See also: Subcommittee Members

Recommendations of the Investor Advisory Committee

• Digital Engagement Practices
• Human Capital Management Disclosure
• Open-End Fund Liquidity Risk Management Programs and Swing Pricing
• Single-Stock ETFs
• 13D-G, and 10B-1
• Registered Investment Adviser Oversight
• Customer Account Statements
• Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
• Climate-Related Disclosure Rule
• Accounting Modernization
• Protecting Older Adult Investors
• Investor Advocacy Clinic Funding
• Individual Retirement Accounts
• Rule 10b5-1 Plans
• Special Purpose Acquisition Companies (SPACs)
• Minority and Underserved Inclusion
• Credit Rating Agencies
• Disclosure Effectiveness
• Accounting and Financial Disclosure
• ESG Disclosure
• SEC Guidance and Rule Proposals on Proxy Advisors and Shareholder Proposals
• Exchange Rebate Tier Disclosure
• Proxy Plumbing
• Investment Research in a Post-MiFID II World
• Human Capital Management Disclosure
• Proposed Regulation Best Interest
• Transaction Fee Pilot for NMS Stocks
• Select Enhancements to Protect Retail Investors in Municipal and Corporate Bonds
• Financial Support for Law School Clinics that Support Investors
• On Dual Class and Other Entrenching Governance Structures in Public Companies
• Promotion of Electronic Delivery and Development of a Summary Disclosure Document for Delivery of Investment Company Shareholder Reports
• To Enhance Information for Bond Market Investors
• Mutual Fund Cost Disclosure
• Empowering Elders and Other Investors: Background Checks in the Financial Markets
• Shortening the Trade Settlement Cycle in U.S. Financial Markets
• Accredited Investor Definition
• Impartiality in the Disclosure of Preliminary Voting Results
• Crowdfunding
• Decimalization and Tick Sizes
• Legislation to Fund Investment Adviser Examinations
• Broker-Dealer Fiduciary Duty
• Universal Proxy
• Data Tagging
• Target Date Mutual Funds
• General Solicitation and Advertising

Other Actions

• Letter to SEC re: Diversity Self-assessment Tool
• Letter to SEC re: Cryptocurrency
• Letter to SEC re: Ethical AI
• Investor as Owner Subcommittee Letter to FASB re: Corporate Income Taxes
• Investor as Owner Subcommittee Letter re: Subpart 400 of Reg S-K and Study on Modernization and Simplification
• Letter on Regulation S-K Concept Release and Disclosure Effectiveness
• Letter to FASB re: Materiality

Meetings

Schedule for 2024 and 2025

Meeting Archives