The U.S. Securities and Exchange Commission has appointed four new members to fill vacancies on its Investor Advisory Committee, bringing the committee to 13 members. Three appointees will serve four-year terms, while one member, John Liu, will serve as the designated representative of the interests of senior citizens. The new members are Patrick Daugherty of Foley & Lardner, John Liu, Sheldon L. Ray Jr., formerly of Raymond James & Associates, and Adriana Z. Robertson of the University of Chicago Law School. The committee, established under Section 39 of the Securities Exchange Act of 1934, advises the Commission on regulatory priorities and initiatives related to investor protection and the integrity of U.S. securities markets. The SEC expects to issue another notice seeking additional candidates for committee service in late 2026 or early 2027.
U.S. Securities & Exchange Commission2026-06-01
U.S. Securities and Exchange Commission appoints four new Investor Advisory Committee members including senior citizens representative
The U.S. Securities and Exchange Commission has appointed four new members to its Investor Advisory Committee, restoring the committee to 13 members. Three appointees will serve four-year terms and John Liu will serve as the designated representative of senior citizens’ interests, as the committee continues to advise the Commission on investor protection and U.S. securities market integrity.