Will New SEC Advisory Committee Put Investors First?

by Wall Street Fraud on June 21, 2012

Securities fraud attorneyThe Securities and Exchange Commission’s (SEC) Investor Advisory Committee recently convened its first meeting at SEC headquarters in Washington. In good news for investors, members agreed that their top priority should be to focus on the protection of retail investors.

As SEC Commissioner Luis Aguilar explained in his opening remarks, the broader mission of the committee is to provide “input on regulatory priorities, on disclosure and other regulatory issues, on initiatives to protect investor interest, and on initiatives to promote investor confidence and the integrity of the securities marketplace.”

Aguilar urged committee members to “focus on the needs of retail investors,” as these are the investors who “directly or indirectly provide the bulk of all capital invested in securities.” He cited reports that suggest “many individual investors feel like they are under siege,” pointing to a recent report finding that only 15% of Americans trust the stock market.

As securities fraud attorneys, we hope that the committee will be a strong voice for investors as the SEC continues to draft new securities rules and regulations.

Source: Advisor One

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