August 10, 2010

SEC, CFTC to Hold Third Meeting on May 6 Crash

Agenda will focus on role of ETFs in so-called 'flash crash'

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Furthering their examination of the market collapse on May 6, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will hold its third joint meeting on emerging regulatory issues on Wednesday, August 11.

The joint committee will focus on retail investor perspectives and the role exchange-traded funds (ETFs) may have played in the so-called "flash crash" on May 6. The meeting, which will be open to the public, will be held at the CFTC headquarters in Washington and will also be webcast on the CFTC's website.

SEC Chairman Mary Schapiro and CFTC Chairman Gary Gensler will make opening statements. The confirmed panelists are as follows:

Michael Mendelson, Principal, AQR Capital Management;

Noel Archard, Head of U.S. Products, Blackrock;

Charles Rotblut, Vice President and Editor, American Association of Individual Investors;

Chris Nagy, Managing Director, Order Routing Sales and Strategy, TD Ameritrade;

Kevin Cronin, Director of Global Equity Trading at Invesco; and

Pamela J. Craig, Chief Financial Officer, Accenture.

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