Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, May 11, 2010

SEC and CFTC Announce Joint Advisory Committee on Emerging Regulatory Issues

The SEC and the CFTC announced the formation of a joint committee that will address emerging regulatory issues. The joint committee will develop recommendations on emerging and ongoing issues relating to both agencies. The first item on the committee's agenda is conducting a review of last Thursday's market events and making recommendations related to market structure issues that may have contributed to the volatility, as well as disparate trading conventions and rules across various markets.

The Committee's charter provides for a broad scope of interest, including:

  • Identifying of emerging regulatory risks.
  • Assessing and quantifying of the impact of such risks and their implications for investors and market participants.
  • Furthering the SEC's and CFTC's efforts on regulatory harmonization.

Members of the Joint Committee include:

Brooksley Born, Former Chair of the CFTC
Jack Brennan, Former Chief Executive Officer and Chairman, Vanguard
Robert Engle, Michael Armellino Professor of Finance at the NYU Stern School of Business
Richard Ketchum, Chairman and Chief Executive Officer, FINRA
Maureen O’Hara, Professor of Management, Professor of Finance, Cornell University
Susan Phillips, Dean and Professor of Finance, The George Washington University School of Business
David Ruder, Former Chair of the SEC

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