Joint advisory panel sets up first meeting

A joint panel examining unusual events in the financial markets earlier this month will hold its first meeting May 24. 

The Joint Commodity Futures Trading Commission-Securities and Exchange Commission Advisory Committee on Emerging Regulatory Issues will meet later this month to discuss the near 1,000 point tumble and quick recovery the market experienced May 6, according to an SEC release on Monday. 

SEC Chairman Mary Schapiro and CFTC Chairman Gary Gensler, who announced the joint panel during Congressional testimony last week, are co-chairmen of the panel. 

Joseph Stiglitz, Nobel Laureate and professor at the Columbia School of Business, was added to the committee Monday. 

Panel members include: Brooksley Born, former chairman of the CFTC; Jack Brennan, former CEO and chairman, Vanguard Group; Robert Engle, professor of finance, NYU Stern School of Business; Richard Ketchum, chairman and CEO, FINRA; Maureen O'Hara, professor of finance and management, Cornell University; Susan Phillips, dean and professor of finance, The George Washington University School of Business; and David Ruder, former SEC chairman, professor of law emeritus, Northwestern University.