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U.S. Securities and Exchange Commission

Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues


Mary Schapiro

Gary Gensler


Brooksley Born

Jack Brennan

Robert Engle

Richard Ketchum

Maureen O'Hara

Susan Phillips

David Ruder

Joseph Stiglitz



















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Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues

Note: This page has been archived and is no longer being updated. It may include obsolete or out-of-date information.

The Securities and Exchange Commission and Commodity Futures Trading Commission established the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues to develop recommendations on emerging and ongoing issues relating to both agencies. The establishment of the Joint Committee was one of the 20 recommendations included in the agencies' harmonization report issued in 2009. Subjects to be addressed by the Joint Committee shall include the identification of emerging regulatory risks, assessment and quantification of the impact of such risks and their implications for investors and market participants, and the agencies' efforts on regulatory harmonization.

The first item on the committee's agenda is conducting a review of the market events of May 6, 2010 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.

* Comments received by this Committee are available.

Why the Joint Committee Was Created

SEC Chairman Mary L. Schapiro"Our markets are increasingly interrelated and interdependent so we need to appreciate how events in one arena can potentially impact investors and markets elsewhere. The Joint Committee will serve an essential role in addressing that challenge."

—SEC Chairman Mary Schapiro

CFTC Chairman Gary Gensler"It is important that we hear from this prominent panel of market practitioners, academics and former regulators about emerging risks in our markets. It is critical that the CFTC and SEC hear from the panel together because our markets are so intertwined. I am particularly interested in the Committee's first focus: advising on courses of action in response to the lessons learned from the market events of May 6."

—CFTC Chairman Gary Gensler


Committee News

Committee Materials


Committee Meetings

February 18, 2011

November 5, 2010

August 11, 2010

June 22, 2010

May 24, 2010

Modified: 07/15/2019