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Tuesday, May 11, 2010 Ex-Vanguard CEO Will Help Dissect the Dow's 1,000-Point Dive Former Vanguard chairman and CEO Jack Brennan is part of a joint SEC-CFTC committee, unveiled Tuesday morning, that will "address emerging regulatory issues." The first item on the agenda is none other than Thursday's afternoon's market roller-coaster that at one point saw the Dow Jones Industrial Average slide nearly 1,000 points.
Aside from Brennan, who relinquished the CEO post at Vanguard to Bill McNabb in August 2008 and the chairmanship in January of this year, there are six other initial members of the committee: FINRA chairman and CEO Richard Ketchum, former SEC chair David Ruder, former CFTC chair Brooksley Born, NYU Stern School of Business' Robert Engle, George Washington University School of Business' Susan Phillips and Cornell University's Maureen O'Hara. Additonal members will join in the coming days, according to SEC and CFTC officials. Printed from: MFWire.com/story.asp?s=32184 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |