SEC Investor Advisory Committee Schedules December Meeting, Will Discuss Tokenization, Announces Director of the Office of the Investor Advocate to Exit Position
The Securities and Exchange Commission (SEC), Investor Advisory Committee has scheduled its next meeting to take place on December 4th.
The meeting will host two panels of interest. First, a discussion about changes in corporate governance; second, a discussion of the tokenization of securities.
The IAC will also discuss a possible recommendation regarding the Disclosure of Artificial Intelligence’s Impact on Issuer Operations.
The panel entitled, Tokenization of Equities: How Issuance, Trading, and Settlement Would Work with Existing Regulation, is a pressing topic that addresses an issue that will have a far-reaching impact not just within the US but around the world. Eventually, all securities will be digital, yet there are nuances to the transition from the analog past to securities that are “tokenized.”
While ignored or, worse, actively discouraged during the Biden Administration, digital securities are the future, and the SEC will play a key role in determining how this change will take place and how compliance will be incorporated into tokenized securities. The change will be profound and hard to overestimate.
On the same day, the SEC announced that Cristina Martin Firvida will exit her role as the Investor Advocate in January. She has held this position since January 2023.
SEC Chairman Paul S. Atkins issued the following statement upon the announcement of Firvida’s departure.
“Our work at the SEC should always be rigorous and responsive to the needs and interests of investors, and Cristina and her staff have provided important policymaking support to the Commission. We wish her the best in her future endeavors and thank her for the contributions she made to our agency and investors as a whole.”
Firvida, who previously worked at AARP as a vice president, said it had been a privilege to serve investors and the Commission in the role.
“I am grateful for the opportunity to spotlight investor aspirations and challenges by providing timely empirical research, expert legal analysis, and direct engagement during a period of rapid change in the capital markets,” saod Firvida.
The IAC has no statutory power over SEC activities but can serve as a sounding board or advocate for rule changes. The committee has been criticized in the past for being more of an advocate for regulators, rather than serving the actual desires of investors.
The agenda for the IAC meeting will be livestreamed on the SEC website. The agenda is shared below.
Thursday, December 4, 2025
