Four new members were named to the Ontario Securities Commission’s (OSC) Investor Advisory Panel (IAP) Tuesday.

At OSC Dialogue 2012 in Toronto, Mary Condon, OSC vice chairwoman, announced that the commission has decided to expand its independent advisory group on investor issues to eight members (from the initial complement of seven), and it named four new faces to the panel today.

Joining the panel are long-time investor advocate, Ken Kivenko; Connie Craddock, former senior vice president public affairs with the Investment Industry Regulatory Organization of Canada (IIROC); Cary List, president & CEO of the Financial Planning Standards Council (FPSC); and Alan Goldhar, chief investment officer at Ontario’s Ministry of the Attorney General.

They will join continuing panel members, Nancy Averill, Paul Bates, Stan Buell, and Steve Garmaise. Three people left the panel after its initial two-year term expired earlier this fall, including the panel’s inaugural chair, associate professor at the University of Toronto Faculty of Law, Anita Anand. The OSC has yet to name Anand’s replacement as chair.

Earlier, the commission also said that it has broadened the IAP’s mandate from just commenting on OSC proposals to also include bringing forward policy issues to the commission, commenting on the potential implications for investors posed by those issues, and advising on the effectiveness of investor protection initiatives implemented by the commission. However, the commission declined to hire a full-time member for the panel, or to boost its research budget (it has said however, that it will consider requests to fund specific research projects beyond its current $50,000 budget).