Congratulations to University of Denver law professor Jay Brown who has just been named to the Security and Exchange Commission’s new Investor Advisory Commission.
Brown will be one of two law professors on the 21-member body created by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The panel, selected by the five SEC commissioners, includes leaders in institutional and personal investments, insurance, consumer protection and corporate governance.
It will advise the SEC on how to protect investor interests. This is something the SEC has not done well, hence the formation of this committee. But at least Brown’s selection is a step in the right direction.
I first got to know Brown during the 2007 insider trading trial of former Qwest CEO Joe Nacchio, which Brown covered in great detail for his blog. The guy lives up to all the hype of being a Fulbright Scholar.
He’s the kind of guy who is one minute serving law lessons to upper-middle class students and the next serving lunch to homeless folks at the local shelter.
He keeps his ear to the ground. And if SEC commissioners are wise, they’ll keep their ears on him.