The SEC has announced its virtual Investor Advisory Committee meeting that will take place on June 10, 2021, beginning at 10:00 a.m. EDT. The public may attend the free event which will be presented live via webcast at sec.gov. The meeting will also be archived on the
Committee’s website for later viewing.
The event will feature discussions covering the following matters:
- best execution and its role in post-NMS market structure
- 10b5-1 plans
- recommendation regarding individual retirement accounts
- best execution issues unique to wholesale brokers
The SEC encourages interested parties to submit remarks on or before June 9, 2021. Comments may be submitted electronically via the SEC’s internet submission form or emailed to rule-comments@sec.gov. Paper submissions may be mailed to Vanessa A. Countryman, Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. Submissions should refer to File No. 265-28, and if email is used, the file number should appear on the subject line. For further information, contact Marc Oorloff Sharma, Chief Counsel, Office of the Investor Advocate at (202) 551-3302.
Investor Advisory Committee Meeting Agenda
Thursday, June 10, 2021 10:00 A.M. ET
10:00 a.m. — Welcome Remarks
10:25 p.m. — Approval of Minutes of Previous Meeting
10:30 p.m. — Panel Discussion Regarding Best Execution and its Role in post-NMS Market Structure
- Moderated by:
- JW Verret, Associate Professor, Antonin Scalia Law School
- Panelists:
- Sal Arnuk, Partner & Co-Founder, Themis Trading LLC
- Paul Atkins, Former SEC Commissioner
- Tyler Gellasch, Executive Director, Healthy Markets Association
- Daniel Gray, Senior Special Counsel for Market Structure, Division of Trading and Markets, U.S. Securities and Exchange Commission
- Chester Spatt, PhD, former Chief Economist at the SEC, and Professor of Economics at Carnegie-Mellon
12:00 p.m. — Lunch/Non-Public Administrative Session
1:00 p.m. — Panel Discussion Regarding Best Execution Issues Unique to Wholesale Brokers
- Moderated by:
- JW Verret, Associate Professor, Antonin Scalia Law School
- Panelists:
- Stanislav Dolgopolov, Chief Regulatory Officer, Decimus
2:30 p.m. — Panel Discussion Regarding 10b5-1 Plans
- Moderated by:
- Cambria Allen-Ratzlaff, Corporate Governance Director, UAW Retiree Medical Benefits Trust
- Panelists:
- Keir Gumbs, Vice President, Deputy General Counsel and Deputy Corporate Secretary, Uber Technologies
- Jeff Mahoney, General Counsel, Council of Institutional Investors
- Dan Taylor, PhD, Associate Professor, The Wharton School at the University of Pennsylvania
3:30 p.m. — Discussion of a Recommendation Regarding Individual Retirement Accounts
3:45 p.m. — Subcommittee Reports
4:15 p.m. — Adjournment
The Investor Advisory Committee is comprised of members who represent diverse investor interests, including seniors, individual and institutional investors, and state securities commissions. The Committee was established under Section 911 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to counsel the SEC on:
- promoting investor confidence and the integrity of the securities marketplace
- regulatory priorities and the regulation of securities products
- trading strategies and fee structures
- the effectiveness of disclosure and initiatives to protect investor interests
Sources:
Meeting Notice (sec.gov)
Meeting Agenda (sec.gov)
