Investor Advisory Committee header

Section 911 of the Dodd-Frank Act established the new Investor Advisory Committee to advise the Commission on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests and to promote investor confidence and the integrity of the securities marketplace. The Dodd-Frank Act authorizes the committee to submit findings and recommendations for review and consideration by the Commission.

Committee Members


Anne Sheehan, Chairman
Director of Corporate Governance
California State Teachers'
Retirement System
Elisse Walter, Vice Chairman
Former Chairman
U.S. Securities and
Exchange Commission
Craig Goettsch, Secretary
Director of Investor Education and Consumer Outreach
Iowa Insurance Division
Nancy LeaMond, Assistant Secretary
Executive Vice President
Chief Advocacy and
Engagement Officer
Community, State and
National Affairs, AARP


Allison A. Bennington
Partner and General Counsel
ValueAct Capital
Joseph V. Carcello
Department Head
and Professor,
University of Tennessee Department of Accounting and Information Management,
and Executive Director, University of Tennessee Corporate Governance Center
John Coates
John F. Cogan Jr. Professor
of Law and Economics at
Harvard Law School
and Research Director
of the Center on the
Legal Profession
Lisa Fairfax
Leroy Sorenson Merrifield Research Professor of Law
and Director of Conference Programs, C-LEAF
The George Washington University Law School
Rick Fleming
Investor Advocate
U.S. Securities and
Exchange Commission
Matthew Furman
General Counsel
Willis Group
Stephen Holmes
General Partner Emeritus
InterWest Partners
William Lee
Senior Vice-President and Chief Investment Officer
New York-Presbyterian Hospitals
Jennifer Marietta-Westberg
Senior Economist
Cornerstone Research
Mina Nguyen
Managing Director
AQR Capital Management
Barbara Roper
Director of Investor Protection
Consumer Federation of America
Damon Silvers
Director of Policy and Special Counsel
Anne Simpson
Investment Director,
California Public Employees’ Retirement System
Jerome Solomon
Fixed-income Portfolio Manager
Capital Group
Heidi Stam
Former Managing Director and General Counsel (Retired)
Susan Ferris Wyderko
President and CEO
Mutual Fund Directors Forum

Recommendations of the Investor Advisory Committee

Promotion of Electronic Delivery and Development of a Summary Disclosure Document for Delivery of Investment Company Shareholder Reports

To Enhance Information for Bond Market Investors

Mutual Fund Cost Disclosure

Empowering Elders and Other Investors: Background Checks in the Financial Markets

Shortening the Trade Settlement Cycle in U.S. Financial Markets

Accredited Investor Definition

Impartiality in the Disclosure of Preliminary Voting Results


Decimalization and Tick Sizes

Legislation to Fund Investment Adviser Examinations

Broker-Dealer Fiduciary Duty

Universal Proxy

Data Tagging

Target Date Mutual Funds

General Solicitation and Advertising

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