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March 1, 2024

SEC Investor Advisory Committee: Meeting Next Thursday on “Materiality” & More

It’s a busy week for the Commissioners next week. On Thursday, March 7th, there will be a meeting of the SEC’s Investor Advisory Committee meeting, which was the subject of a Sunshine Notice because a majority of the Commissioners may attend. Here’s what’s on the agenda:

1. Panel: Discussing the U.S. Securities and Exchange Commission’s Proposals to Improve Equity Market Structure (this includes “payment for order flow”)

2. Panel: Examining the use of Materiality as a Disclosure Standard — Can the Definition be Improved to Better Serve Investors? (Dave’s panel for the SEC Historical Society could be a good “pre-read” for this one)

3. Recommendation on digital engagement practices (i.e., the “gamification” of trading)

The meeting will be in person as well as webcast on the SEC’s website.

Liz Dunshee