SEC Names Members of New Equity Market Structure Advisory Committee
The SEC announced the members of a new Equity Market Structure Advisory Committee. The Committee will focus on the structure and operations of the U.S. equities markets.
Stephen Luparello, Director of the Division of Trading and Markets, will be the designated federal officer on the committee. Other members' expertise, according to SEC Chair Mary Jo White, comes "from a diversity of backgrounds and viewpoints"; i.e., from different sectors of the financial services industry, academia and public interest groups.
Among the issues that the committee is expected to discuss are the following: (i) the review of Regulation NMS, (ii) the role of exchanges in the current market structure and (iii) the presence and effect of conflicts in the routing and execution of equity orders.