Three appointees will serve four-year terms, while John Liu joins as the senior-citizen representative on the SEC panel advising on investor protection and U.S. market integrity.
The Securities and Exchange Commission added four members to its Investor Advisory Committee, filling vacancies on the body that advises the agency on regulatory priorities and initiatives aimed at protecting investors and supporting the integrity of U.S. securities markets. Three of the new members will serve four-year terms, while John Liu will serve as the designated representative of the interests of senior citizens. The appointees are Patrick Daugherty of Foley & Lardner, Liu, Sheldon L. Ray Jr., formerly of Raymond James & Associates, and Adriana Z. Robertson of the University of Chicago Law School. SEC Chairman Paul S. Atkins said their perspectives and expertise would be vital to the committee’s work. The committee, established under Section 39 of the Securities Exchange Act of 1934, now includes the four new members and nine current members, and the SEC said it expects to seek additional candidates in late 2026 or early 2027.