SEC to Host Investor Advisory Committee Meeting

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Thursday, May 27. 2021

SEC to Host Investor Advisory Committee Meeting

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: