Announcement From the SEC Investor Advisory Committee

FOR IMMEDIATE RELEASE
2009-175

Washington, D.C., July 29, 2009 — The Securities and Exchange Commission's Investor Advisory Committee, which was formed to give investors a greater voice in the Commission's work, has agreed upon an ambitious and wide-ranging agenda.

At its first meeting Monday, the Committee, consisting of a broad spectrum of investors, identified an array of discussion topics, including:

"The formation of this Committee is a signal of the Commission's renewed focus on investors and I am very pleased with the energy that the Committee members brought to the discussions," noted SEC Commissioner Luis A. Aguilar, who also serves as the Committee's sponsor and chief liaison to the Commission.

"The insights that the Committee members bring will be extremely important to the Commission as we move forward on our investor protection agenda," added SEC Chairman Mary L. Schapiro.

The Investor Advisory Committee's charter provides for a broad scope of interest, including:

  1. Advising the Commission on matters of concern to investors in the securities markets;
  2. Providing the Commission with investors' perspectives on current, non-enforcement, regulatory issues; and
  3. Serving as a source of information and recommendations to the Commission regarding the Commission's regulatory programs from the point of view of investors.

Committee Co-Chairs Richard Hisey from AARP Financial and Hye-Won Choi from TIAA-CREF, in consultation with Commissioner Aguilar and the Commission's Designated Federal Officer, will be forming several subcommittees to help organize the work and bring in additional external expertise.

Materials considered by the Committee at its meeting are posted on the SEC's Web site at http://www.sec.gov/spotlight/investoradvisorycommittee.htm.