The SEC is hosting a conference Tuesday, September 29 to commemorate the 75th Anniversary of the Investment Company Act and the Investment Advisers Act. The event will include remarks from SEC Chair Mary Jo White and fellow commissioners, as well as a series of panel discussions featuring industry pioneers, former SEC chairmen and division directors, academics and other distinguished leaders from the asset management field.
The Investment Company Act and the Investment Advisers Act, which were signed into law by Pres. Roosevelt in August 1940, are the primary laws governing investment companies and investment advisers, and give the SEC the power to regulate these entities. Investment companies and investment advisers are a significant part of the U.S. capital markets, and in 2015, the SEC oversees registered investment companies with a combined $17.8 trillion in assets and registered investment advisers with approximately $67 trillion in regulatory assets under management.
9:15 a.m. – 9:30 a.m.
Opening Remarks by Chair Mary Jo White
9:30 a.m. – 10:45 a.m.
Panel 1. Asset Management Industry Pioneers
Moderator: Andrew J. Donohue, Chief of Staff
Panelists:
John C. Bogle, Founder and Former Chairman, The Vanguard Group
Don Phillips, Managing Director, Morningstar
James S. Riepe, Senior Advisor and Retired Vice Chairman, T. Rowe Price Group, Inc.
11:00 a.m.
Panel Introduction by Commissioner Daniel M. Gallagher
Panel 2. The Arc of History (Former SEC Chairmen)
Moderator: Chair Mary Jo White
Panelists:
The Hon. David S. Ruder (1987 – 1989)
The Hon. Richard C. Breeden (1989 – 1993)
The Hon. Harvey L. Pitt (2001– 2003)
The Hon. William H. Donaldson (2003 – 2005)
The Hon. Elisse B. Walter (2012 – 2013)
1:15 p.m.
Panel Introduction by Commissioner Kara M. Stein
Panel 3. Diverse Perspectives on the Asset Management Industry
Moderator: David W. Grim, Director, Division of Investment Management
Panelists:
Jameson A. Baxter, Chair of the Board of Trustees of the Putnam Mutual Funds
Matthew P. Fink, Independent Director, Oppenheimer Mutual Funds and author
of The Rise of Mutual Funds: An Insider’s View
Rick A. Fleming, SEC Investor Advocate
Tamar Frankel, Professor of Law, Boston University School of Law
Thomas P. Lemke, Independent Director; Former Executive Vice President,
General Counsel, and Head of Governance, Legg Mason Inc.
2:45 p.m.
Panel Introduction by Commissioner Michael S. Piwowar
Panel 4. The Regulators’ View (Former Division Directors)
Moderator: David W. Grim, Director, Division of Investment Management
Panelists:
Allan S. Mostoff (1972 – 1975)
Joel H. Goldberg (1981– 1983)
Kathryn B. McGrath (1983 – 1990)
Marianne K. Smythe (1990 – 1993)
Barry Barbash (1993 – 1998)
Paul F. Roye (1998 – 2005)
Andrew J. Donohue (2006 – 2010)
Eileen Rominger (2011– 2012)
Norm Champ (2012 – 2015)
4:00 p.m. – 4:15 p.m.
Closing Remarks by Chief of Staff Andrew J. Donohue
