The Securities and Exchange Commission announced the members of its newly created Investor Advisory Committee. The committees mission is to give investors a greater voice in the regulators work.The 15-member panel will advise the Commission about matters concerning investors in the securities markets; provide investor perspective on current, non-enforcement regulatory issues; and be a source of information and recommendations to the Commission concerning its regulatory programs from the point of view of investors. The committee will be co-chaired by Richard Mac Hisey, president of AARP Financial and AARP Funds, and Hye-Won Choi, senior vice president and head of corporate governance for TIAA-CREF.
Investors need a greater voice at the commission, said SEC Commissioner Luis A, Aguilar, adding that the committee will enhance the SECs traditional role as an advocate for investors. Aguilar will serve as the SECs primary sponsor of the advisory committee. The SEC will file the advisory committees charter with Congress in the next several weeks, after which the committee will begin its work.