The US Securities and Exchange Commission (SEC) has selected four new members for its Investor Advisory Committee, filling vacant positions on the advisory panel.
The SEC noted that three of the new members will serve four-year terms, while the fourth will act as the committee’s designated representative for the interests of senior citizens.
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They join nine existing members, bringing total membership to 13.
The committee, created under Section 39 of the Securities Exchange Act of 1934, advises the SEC on regulatory priorities and initiatives intended to protect investors and support the integrity of US securities markets.
SEC chairman Paul S. Atkins said: “I thank each of the new members for their willingness to serve on the Investor Advisory Committee.
“Their perspectives and expertise will be vital to the Committee’s work and I look forward to their contributions to the public dialogue on the important issues facing investors.”
The new appointees include Patrick Daugherty, a partner at law firm Foley & Lardner, and John Liu, an investor and former managing director at Accenture and co-founder of Agile Partners, who will serve as the representative of the interests of senior citizens.
The SEC also appointed Sheldon Ray, former senior vice-president of investments and portfolio manager at Raymond James & Associates, and Adriana Robertson, professor of business law at the University of Chicago Law School.
The SEC said it welcomed the interest shown by all those who responded to its earlier invitation to serve on the committee and indicated that a further call for candidates is expected in late 2026 or early next year.
Last month, the SEC proposed rule changes to streamline public companies’ ongoing reporting.
