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The US Securities and Exchange Commission has named Professor Joseph V. Carcello to its Investor Advisory Committee. He is the only business school professor appointed to the committee.

Carcello is the E&Y and Business Alumni Professor and head of the Department of Accounting and Information Management in UT’s College of Business Administration. He also is executive director of the UT Neel Corporate Governance Center.

The SEC oversees all public companies, stockbrokers, and security dealers and shares oversight of financial institutions with other regulators. The advisory committee makes recommendations to the commission as it seeks to protect investors, promote investor confidence and integrity in the securities marketplace, and maintain fair, orderly, and efficient markets.

“An important issue facing any advanced economy is establishing efficient and well-functioning securities markets that have adequate protection for investors,” Carcello said. “I welcome the opportunity to join these distinguished individuals to help the SEC carry out its important mandate.”

In addition to Carcello, the twenty-one-person investor advisory committee includes the SEC’s full-time investor advocate, two law professors, two former SEC commissioners, and fifteen senior executives of financial institutions, institutional investors, and investor advocacy groups. The committee was established in 2010 with the passing of the Dodd-Frank Act.

“We are honored by this significant recognition to Professor Carcello,” said Steve Mangum, dean of the College of Business Administration. “He is a leading academic in his discipline, a dedicated teacher, and a significant contributor to the reputation of the University of Tennessee. His impact on our students and programs will be further enhanced by his service on this prestigious committee.”

Carcello brings extensive credentials to the Investor Advisory Committee. He has been an expert witness for the SEC. He currently serves on the Investor Advisory Group of the Public Company Accounting Oversight Board, which advises on investors’ issues. He also has served on its Standing Advisory Group, which advises on auditing standards. He has published numerous articles in academic and professional journals on audit committee performance, financial fraud, and audit quality.


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