SEC Announces Panelists for Roundtable on Fixed Income Markets

FOR IMMEDIATE RELEASE
2013-55

Washington, D.C., April 9, 2013 — The Securities and Exchange Commission today announced the panelists who will participate in its April 16 roundtable on ways to improve the transparency and efficiency of the fixed income markets.

As previously announced, the roundtable will consist of four panels. The participants in the first panel will discuss the characteristics of the municipal securities market. The second panel will focus on the characteristics of the corporate bond and asset-backed securities markets and how they compare to the municipal securities market. The third panel will discuss potential steps to improve the transparency, liquidity, efficiency, or other structural aspects of the municipal securities market. The fourth panel will discuss potential steps to improve the transparency, liquidity, efficiency, or other structural aspects of the corporate bond and asset-backed securities markets.

The roundtable discussion will be held in the multi-purpose room of the SEC´s headquarters at 100 F Street, N.E., in Washington, D.C., beginning at 8:30 a.m. and ending at approximately 4:15 p.m. The public is invited to attend, with seating available on a first-come, first-served basis. The event will be webcast live on the Commission´s website at http://www.sec.gov/ and archived for later viewing.

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Agenda and Panelists

8:30 a.m. Introduction

9:00 a.m. Panel 1: Current Market Structure for Municipal Securities

Robert F. Auwaerter, Principal and Head of the Fixed Income Group at The Vanguard Group Inc.
John Bonow, CEO at The PFM Group
Larry Bowden, Executive Vice President and Director of Fixed Income Sales and Trading at Stephens Inc.
Ric Edelman, Chairman and CEO at Edelman Financial Services
Joseph A. Hemphill III, CEO at Regional Brokers Inc.
Burton Hollifield, Professor of Financial Economics at Carnegie Mellon University
Craig A. Noble, Managing Director and Head of Retail Fixed Income at Wells Fargo Advisors
Benjamin S. Thompson, CEO and Managing Principal at Samson Capital Advisors LLC
Thomas S. Vales, Chairman and CEO at TMC Bonds LLC

10:45 a.m. Break

11:00 a.m. Panel 2: Current Market Structure for Corporate Bonds and Asset-Backed Securities

Steven C. Genyk, Managing Director and Head of Fixed Income Capital Markets at Janney Montgomery Scott LLC
Michael A. Goldstein, Professor of Finance, Donald P. Babson Chair in Applied Investments, and Chair of the Finance Department at Babson College
Nancy Mueller Handal, Managing Director and Head of Structured Finance at MetLife
Colin Heffron, CEO at GFI Group Inc.
Jonathan Horne, Executive Vice President and Portfolio Manager at Pacific Investment Management Company
Richard M. McVey, Chairman and CEO at MarketAxess
Kevin Molloy, Managing Director of Fixed Income at NYSE Bonds
Eric J. Pitt, Managing Director at J.P. Morgan Securities
Neil M. Schloss, Treasurer and Vice President at Ford Motor Company
Robert G. Smith, President, Chief Investment Officer and Principal at Sage Advisory Services Ltd. Inc.

12:45 p.m. Lunch

1:45 p.m. Panel 3: Potential Improvements to the Market Structure for Municipal Securities

Robert F. Auwaerter, Principal and Head of the Fixed Income Group at The Vanguard Group Inc.
Burton Hollifield, Professor of Financial Economics at Carnegie Mellon University
Lynnette Kelly, Executive Director at the Municipal Securities Rulemaking Board
Jason Lehman, Co-CEO and Managing Member at Headlands Technologies LLC
Marshall Nicholson, President at Knight BondPoint
Craig A. Noble, Managing Director and Head of Retail Fixed Income at Wells Fargo Advisors
Paige W. Pierce, President and CEO at RW Smith
Benjamin S. Thompson, CEO and Managing Principal at Samson Capital Advisors LLC
J. Ben Watkins, Director of Bond Finance, State of Florida, and Chairman of the Government Finance Officers Association Debt Committee
Brad Winges, Managing Director and Head of Fixed Income, Sales, Trading and Underwriting at Piper Jaffray Investment Management

3:00 p.m. Panel 4: Potential Improvements to the Market Structure for Corporate Bonds and Asset-Backed Securities

Steven C. Genyk, Managing Director and Head of Fixed Income Capital Markets at Janney Montgomery Scott LLC
Nancy Mueller Handal, Managing Director and Head of Structured Finance at MetLife
Colin Heffron, CEO at GFI Group Inc.
Richard G. Ketchum, Chairman and CEO at FINRA
Richard M. McVey, Chairman and CEO at MarketAxess
Kevin Molloy, Managing Director of Fixed Income at NYSE Bonds
Neil M. Schloss, Treasurer and Vice President at Ford Motor Company
Dexter Senft, Managing Director at Morgan Stanley
Robert G. Smith, President, Chief Investment Officer and Principal at Sage Advisory Services Ltd. Inc.
Kumar Venkataraman, Chairman of the Finance Department and Fabacher Endowed Professor of Alternative Asset Management at Southern Methodist University Cox School of Business
Christopher J. Vogel, Managing Director and Global Head of Fixed Income and Currency Trading at Blackrock Inc.

4:15 p.m. Roundtable concludes

8:30 a.m.	Introduction
9:00 a.m.	Panel 1: Current Market Structure for Municipal Securities Robert F. Auwaerter, Principal and Head of the Fixed Income Group at The Vanguard Group Inc. John Bonow, CEO at The PFM Group Larry Bowden, Executive Vice President and Director of Fixed Income Sales and Trading at Stephens Inc. Ric Edelman, Chairman and CEO at Edelman Financial Services Joseph A. Hemphill III, CEO at Regional Brokers Inc. Burton Hollifield, Professor of Financial Economics at Carnegie Mellon University Craig A. Noble, Managing Director and Head of Retail Fixed Income at Wells Fargo Advisors Benjamin S. Thompson, CEO and Managing Principal at Samson Capital Advisors LLC Thomas S. Vales, Chairman and CEO at TMC Bonds LLC
10:45 a.m.	Break
11:00 a.m.	Panel 2: Current Market Structure for Corporate Bonds and Asset-Backed Securities Steven C. Genyk, Managing Director and Head of Fixed Income Capital Markets at Janney Montgomery Scott LLC Michael A. Goldstein, Professor of Finance, Donald P. Babson Chair in Applied Investments, and Chair of the Finance Department at Babson College Nancy Mueller Handal, Managing Director and Head of Structured Finance at MetLife Colin Heffron, CEO at GFI Group Inc. Jonathan Horne, Executive Vice President and Portfolio Manager at Pacific Investment Management Company Richard M. McVey, Chairman and CEO at MarketAxess Kevin Molloy, Managing Director of Fixed Income at NYSE Bonds Eric J. Pitt, Managing Director at J.P. Morgan Securities Neil M. Schloss, Treasurer and Vice President at Ford Motor Company Robert G. Smith, President, Chief Investment Officer and Principal at Sage Advisory Services Ltd. Inc.
12:45 p.m.	Lunch
1:45 p.m.	Panel 3: Potential Improvements to the Market Structure for Municipal Securities Robert F. Auwaerter, Principal and Head of the Fixed Income Group at The Vanguard Group Inc. Burton Hollifield, Professor of Financial Economics at Carnegie Mellon University Lynnette Kelly, Executive Director at the Municipal Securities Rulemaking Board Jason Lehman, Co-CEO and Managing Member at Headlands Technologies LLC Marshall Nicholson, President at Knight BondPoint Craig A. Noble, Managing Director and Head of Retail Fixed Income at Wells Fargo Advisors Paige W. Pierce, President and CEO at RW Smith Benjamin S. Thompson, CEO and Managing Principal at Samson Capital Advisors LLC J. Ben Watkins, Director of Bond Finance, State of Florida, and Chairman of the Government Finance Officers Association Debt Committee Brad Winges, Managing Director and Head of Fixed Income, Sales, Trading and Underwriting at Piper Jaffray Investment Management
3:00 p.m.	Panel 4: Potential Improvements to the Market Structure for Corporate Bonds and Asset-Backed Securities Steven C. Genyk, Managing Director and Head of Fixed Income Capital Markets at Janney Montgomery Scott LLC Nancy Mueller Handal, Managing Director and Head of Structured Finance at MetLife Colin Heffron, CEO at GFI Group Inc. Richard G. Ketchum, Chairman and CEO at FINRA Richard M. McVey, Chairman and CEO at MarketAxess Kevin Molloy, Managing Director of Fixed Income at NYSE Bonds Neil M. Schloss, Treasurer and Vice President at Ford Motor Company Dexter Senft, Managing Director at Morgan Stanley Robert G. Smith, President, Chief Investment Officer and Principal at Sage Advisory Services Ltd. Inc. Kumar Venkataraman, Chairman of the Finance Department and Fabacher Endowed Professor of Alternative Asset Management at Southern Methodist University Cox School of Business Christopher J. Vogel, Managing Director and Global Head of Fixed Income and Currency Trading at Blackrock Inc.
4:15 p.m.	Roundtable concludes