Investor Advisory Committee Meeting Agenda
U.S. Securities and Exchange Commission
Investor Advisory Committee
Thursday, September 19, 2024
10:00 a.m. – 10:05 a.m. | Welcome |
10:05 a.m. – 10:30 a.m. | Opening Remarks |
10:30 a.m. – 10:35 a.m. | Approval of Previous Meeting Minutes |
10:35 a.m. – 12:05 p.m. |
Panel Discussion: Investment Advice: A History and Update on Who is Required to Serve in Your Best Interest In light of the July 2024 Federal District Court stays of the Department of Labor’s Retirement Security Rule and related rule-making, there is uncertainty and confusion among many investors as to when their financial professionals are “investment advice fiduciaries”. In light of those court decisions and the varying definitions of fiduciary under SEC rules, ERISA and state law, this panel will discuss the differences, similarities and nuances of financial professionals’ obligations to their clients and how this may impact investors. Moderated by:
Panelists:
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12:05 p.m. – 1:40 p.m. | Lunch/Non-Public Administrative Session |
1:40 p.m. – 3:25 p.m. |
Panel Discussion: Key Topics from Securities Litigation: Shareholder Proposals & “Tracing” in Section 11 Litigation Building on recent litigation, the panel will examine how well the current regulatory framework protects investors’ ability to submit shareholder proposals and to bring Section 11 claims. This panel will highlight two “pain points” for securities investors: shareholder proposals and tracing under Section 11. The panel will bring together academics, former SEC officials, and practitioners to provide insight into the costs and benefits of our current framework. It will discuss proposed administrative remedies in each area, as well as the viability of these options and any potential unintended consequences. Moderated by:
Panelists:
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3:25 p.m. – 3:45 p.m. | Subcommittee and Working Group Reports |
3:45 p.m. |
Closing Remarks |
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Last Reviewed or Updated: Sept. 4, 2024