Agenda and Panelists
Roundtable to Examine Short Sale Price Test and Circuit Breaker Restrictions

May 5, 2009

10:00 a.m. — Opening Remarks from SEC Chairman Mary L. Schapiro

10:10 a.m. — Panel One: Market Changes and Investor Confidence; Are short sale price tests or short sale circuit breakers necessary or effective?

• Kevin Cronin, Invesco
• Brian Conroy, Fidelity Investments
• Richard Ketchum, FINRA
• John Kozak, Park National Bank Corporation
• Dan Mathisson, Credit Suisse
• Michael McAlevey, General Electric Corporation
• Justin Schack, Rosenblatt Securities

11:20 a.m.-11:30 a.m. — Break

11:30 a.m. — Panel Two: Bid versus Tick versus Circuit Breakers; Discussion of short sale price tests and short sale circuit breakers.

• Jeff Brown, Charles Schwab Corporation
• Larry Leibowitz, The New York Stock Exchange
• John Nagel, The Citadel Group
• Bill O'Brien, Direct Edge
• Jerry O'Connell, Susquehanna International Group
• Brett Redfearn, JP Morgan Chase

12:45 p.m. — Lunch Break

1:45 p.m. — Panel Three: Lessons and Insights from Empirical Data; Short sale price tests and short sale circuit breakers by the numbers.

• Professor James Angel, Georgetown University
• Dr. Frank Hatheway, Nasdaq OMX Group
• Professor Charles Jones, Columbia University
• Dr. Robert Shapiro, Sonecon, LLC
• Professor Ingrid Werner, The Ohio State University

3:00 p.m. — Closing Remarks

http://www.sec.gov/spotlight/shortsales/roundtable050509/agenda.htm