At the first meeting of the newly-formed Securities and Exchange Commission’s (SEC) Investor Advisory Committee, held June 11, 2012 in Washington D.C., Jay Brown was appointed committee secretary. Professor Brown, program director of Denver Law’s Corporate & Commercial Law program, and twenty others were named to the committee on April 9 of this year. Established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Investor Advisory Committee is charged with advising the SEC on regulatory measures and other initiatives intended to protect investor interests and to promote investor confidence.
SEC Chairman Mary Schapiro told members of the new body, “As members of this Committee, you have made a commitment to ensuring that the voice of the investor remains front and center at the SEC.” In his opening remarks, SEC Commissioner Luis Aguilar detailed diminishing confidence of investors in securities markets. “As you undertake your work,” he said, “I particularly urge you to focus on the needs of retail investors.” -rw