Events

Public Forum Set to Solicit U.S. Public’s Views About Modernization of the SIPC

Date/Time: Wednesday, Jun 1 2011 - 1:00PM

Place: Grand Hyatt
109 East 42nd Street at Grand Central Terminal
New York City

For those who may have missed the June 1st public forum, click here for the audio recording of the session.

Opportunity for Investors to Speak Out

The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, announced today that the SIPC Modernization Task Force (Task Force) will hold a live, in-person forum from 1 p.m. EDT to 4 p.m. EDT on June 1, 2011 at the Grand Hyatt New York, 109 East 42nd Street at Grand Central Terminal.

The purpose of the forum is to allow members of the public to offer their thoughts to the Task Force. This will be an opportunity for the SIPC Modernization Task Force to hear the views of the public on ways to improve the mission and operations of SIPC. The Task Force will not be providing information or answering questions at this forum, which will be devoted to soliciting public input.

Those who wish to attend should register online at www.SIPCModernization.org or by phone at 1-877-772-1510. When registering, attendees who wish to speak can also reserve a three-minute speaking slot.

Those who are unable to attend in person will be able to listen to a live audio stream of the event at www.SIPCModernization.org or by calling 1-866-843-0890 and using access code 65432. Written comments to the Task Force are being accepted through the SIPC Modernization Task Force website.

The input from the live forum will be reviewed by the full 10-member SIPC Modernization Task Force.

SIPC Modernization Task Force Members who will be attending the June 1st forum to hear public feedback include:

•Sharon Bowen, Vice Chair, SIPC, and an attorney with Latham & Watkins LLP;
•Joseph Borg, Director, Alabama Securities Commission;
•Steven Caruso, an attorney with Maddox, Hargett, & Caruso, P.C.;
•John Coffee, Adolf A. Berle Professor of Law, Columbia UniversityLaw School; and
•James Giddens, Lehman Brothers Inc. Trustee, and an attorney with Hughes Hubbard & Reed LLP.