House Financial Services Subcommittee to Hold Hearing to Review Reg. NMS

The Subcommittee on Capital Markets of the House Committee on Financial Services will hold a hearing titled "Equity Market Structure: A Review of SEC Regulation NMS" to discuss the effects of Reg. NMS ("Regulation of the National Market System") on U.S. equity markets.

The following witnesses are scheduled to appear:

• Roel Campos, Partner at Locke Lord LLP and former SEC Commissioner, 2002-2007;
• Erik R. Sirri, Professor of Finance at Babson College and former Director of SEC Division of Trading and Markets, 2006-2009;
• Chester Spatt, Professor of Finance at Carnegie Mellon University and former SEC Chief Economist, 2004-2007; and
• Steven Lofchie, Partner at Cadwalader, Wickersham Taft LLP.

See: Committee Memorandum Regarding the Hearing.Related news: SEC Approves Proposed Joint NMS Plan Regarding the Consolidated Audit Trail (with Lofchie Comment) (February 24, 2014); SEC Grants Temporary Rule Exemption Regarding Establishment of a Consolidated Audit Trail (with Lofchie Comment) (December 9, 2013).