Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on May 14, 2009. Today, we are considering a recommendation from the Division of Investment Management that the Commission propose rules to strengthen the custody controls that apply to investment advisers.
Thank you, Secretary Geithner.
As many of you know, we are all working hard to effectively reform our financial regulatory landscape. And, in the process, better police the financial markets and restore investor confidence.
Thank you for that generous introduction. I'm very pleased to be here at the Investment Advisers Association's 2009 Annual Conference. At the outset, I want to make clear that the views I express today are my own, and do not necessarily reflect the views of the Commission, other Commissioners, or the staff.
Good morning. Thank you for that lovely introduction, David [Ruder]. I noticed that David's name tag says Professor. But, to me, he will always be the Chairman I was fortunate enough to work with.
Welcome to the Securities and Exchange Commission’s Roundtable on Short Selling. The Commission is grateful that so many have agreed to participate in today’s meeting. I believe I speak for my colleagues on the Commission in saying that we look forward to the panelists’ comments, insights and recommendations on this very important subject.
Thank you, Al [Fichera], for that warm welcome. It is a pleasure to be speaking here today at the Ninth Annual Policy Conference of the Mutual Fund Directors Forum. The Forum has been at the forefront of fund governance since its creation and continues as an important voice for independent directors.
Address to Mutual Fund Directors Forum Ninth Annual Policy Conference: Critical Issues for Investment Company Directors blog
Thank you very much for the kind introduction.