FAIR Canada, in association with the Canadian Securities Transition Office, held a symposium on April 6, 2011 to learn about the experiences of investor advisory panels in the United Kingdom and the United States. Moderated by FAIR Canada Board Member Ellen Roseman, the symposium brought together representatives from both U.K. and U.S. regulators and investor advisory panels, including:
- Adam Phillips, Chairman, U.K. Financial Services Consumer Panel
- Ann Smith, Head of Secretariat Team, Corporate Services, U.K. Financial Services Authority
- Barbara Roper, Director of Investor Protection, Consumer Federation of America and Member, U.S. Securities and Exchange Commission Investor Advisory Committee
- Lori Schock, Director, Office of Investor Education and Advocacy, U.S. Securities and Exchange Commission
The discussion focused on the design, membership, funding, and operation of the panels, as well as the successes they have experienced and challenges they have faced in carrying out their mandates. The panelists discussed the importance of consumer engagement in securities regulation, and stressed the importance of retail investor input early on in policy development. Leadership and staffing were said to be essential in keeping a panel focused and effective and the discussion also noted the importance and efficacy of regular communication among all stakeholders.
Follow these links for more information on the U.K. and U.S. investor advisory panels.
From L-R, Ellen Roseman, Adam Phillips, Ann Smith, Barbara Roper, Lori Schock and Ilana Singer.
