SEC Meetings and Other Events

12th Annual Conference on Financial Market Regulation - Day 2

May 16, 2025
8:45AM – 5:45PM ET
Add to Calendar 2025-05-16 08:45:00 2025-05-16 17:45:00 12th Annual Conference on Financial Market Regulation - Day 2 \n\n no-reply@sec.gov America/New_York public

Agenda

Time Event
8:00-8:45 Registration and Continental Breakfast
8:45-9:00 Opening Remarks: Chairman Paul Atkins (SEC)
9:00-10:30

Corporate Finance Track



Session Chair: Albert Sheen (SEC)

The Effects of Additional Mandatory Repurchase Disclosure: Evidence from a Natural Experiment



Elliot Tobin (Harvard University)



Discussant: Alice Bonaime (University of Arizona)

The Effects of Human Capital Disclosures on Professional Investors’ Assessments of Firm Risk



Robert Jennings (University of Arizona), Lisa LaViers (Tulane University), Ethan Rouen (Harvard University), Jason Sandvik (University of Arizona)



Discussant: Mattias Nilsson (SEC)

10:30-11:00 Break
11:00-12:30

Market Microstructure Track



Session Chair: Marc Lipson (University of Virginia)

Market Power in the Securities Lending Market



Shuaiyu Chen (Purdue University), Ron Kaniel (University of Rochester), Christian Opp (University of Rochester)



Discussant: Spencer Andrews (Office of Financial Research)

What Does Best Execution Look Like?



Thomas Ernst (University of Maryland), Andrey Malenko (Boston College), Chester Spatt (Carnegie Mellon University), Jian Sun (Singapore Management University)



Discussant: Jeogmin “Mina” Lee (Federal Reserve Board)

12:30-2:00 Lunch Keynote Address



Commissioner Hester Peirce (SEC)
2:00-3:30

Financial Intermediary Track



Session Chair: Alberto Rossi (Georgetown University)

Democratizing Private Markets: Private Equity Performance of Individual Investors



Cynthia Mei Balloch (London School of Economics), Federico Mainardi (University of Chicago), Sangmin Oh (Columbia University), Petra Vokata (The Ohio State University)



Discussant: Vlad Ivanov (SEC)

Rising Investor Sophistication and Declining Profitability in Municipal Bond Underwriting



John Hund (University of Georgia), Christian Lundblad (University of North Carolina at Chapel Hill), Christos Makridis (University of Nicosia and Stanford University), Giang Nguyen (Penn State University)



Discussant: Stanislava (Stas) Nikolova (University of Nebraska)

3:30-4:00 Break
4:00-5:30

Asset Management Track



Session Chair: Ke Shen (Lehigh University)

Index Disruption: The Promise and Pitfalls of Self-Indexed ETFs



Bige Kahraman (University of Oxford), Sida Li (Brandies University), Anthony Limburg (University of Oxford)



Discussant: Richard Evans (University of Virginia)

The Economics of Greenwashing Funds



Sean Cao (University of Maryland), Yong Chen (Texas A&M University), Han Xiao (Chinese University of Hong Kong), Alan Zhang (Florida International University)



Discussant: Pedro Matos (University of Virginia)

5:30-5:45 Closing Remarks: Commissioner Caroline Crenshaw (SEC)
5:45-7:00 Informal SEC Reception

Last Reviewed or Updated: May 16, 2025