State Securities Regulator Elected Vice Chair of SEC Investor Advisory Committee

WASHINGTON, D.C. (June 12, 2012) – The North American Securities Administrators Association (NASAA) announced today that veteran Iowa securities regulator Craig Goettsch was elected Vice Chair of the Securities and Exchange Commission’s (SEC) Investor Advisory Committee during the committee’s inaugural meeting.

Goettsch is Securities Counsel and Director of Investor Education and Consumer Outreach for the Iowa Insurance Division’s Bureau of Securities. In addition, he is a former NASAA President, Board member and Treasurer.

“NASAA is honored to serve on the Investor Advisory Committee and we look forward to helping to ensure that the voices of Main Street investors are heard as the SEC moves forward with its critical investor protection mission,” said Jack E. Herstein, NASAA President and Assistant Director of the Nebraska Department of Banking and Finance, Bureau of Securities.

The SEC in April announced the formation of its Investor Advisory Committee, mandated by the Dodd-Frank Act to give investors a voice on SEC policies. Members of the committee were nominated by each of the SEC’s five commissioners. Goettsch was appointed to the 21-member commission to represent the views of state securities regulators.

The Investor Advisory Committee, which held its first meeting today, was established by Section 911 of the Dodd-Frank Act to advise the SEC on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests, promote investor confidence and the integrity of the securities marketplace.

NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.


For more information:

Bob Webster, Director of Communications

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