The Securities and Exchange Commission (SEC) has formed a new Asset Management Advisory Committee.
The committee was established to provide the commission with diverse perspectives on asset management. They will offer advice and recommendations on trends and developments affecting investors and market participants, the effects of globalization, and changes in the role of technology and service providers.
The committee consists of outside experts, including retail and institutional investors, small and large funds, intermediaries, and other market participants.
“Asset management is a critical component of our markets and is especially important to Main Street investors,” SEC Chairman Jay Clayton said. “This committee will help the Commission ensure that our regulatory approach to asset management meets the needs of retail investors and market participants at a time when the industry is evolving rapidly. I would like to thank each of the committee members for agreeing to participate on this important committee.”
The committee will begin a two-year term on Nov. 1.
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