Brings powerful regulatory expertise and focus on the public interest
at a pivotal moment for the stock market ecosystem
NEW YORK–(BUSINESS WIRE)–IEX Group, Inc. today announced that Kara Stein, who served as a
Commissioner of the U.S. Securities and Exchange Commission (SEC) from
August 2013 to January 2019, has joined the Board of Directors of the
Investors Exchange (IEX).
During her tenure at the Commission, Stein established a strong
reputation as an advocate for transparency and investor protection. She
also spoke frequently about the potential for technology to transform
our financial system for the better.
“Kara’s track record at the SEC speaks to her commitment to building a
strong, resilient capital markets ecosystem that puts the interests of
investors and the public first,” said IEX CEO and Co-Founder Brad
Katsuyama. “We are grateful and honored for her to join the Investors
Exchange Board. Between the SEC Transaction Fee Pilot and the increased
transparency around the costs exchanges pose on market participants, the
industry is at a turning point. Kara’s experience and insight will be
invaluable in this period of positive momentum toward meaningful change
that benefits investors, issuers, and brokers.”
“I look forward to helping IEX continue to improve market transparency
for both public companies and investors,” said Stein. “I am excited
about the company’s mission of developing cutting-edge technologies to
enhance and create new standards of performance in the marketplace.”
Prior to her appointment as an SEC Commissioner, Stein was the Staff
Director of the Securities, Insurance, and Investment Subcommittee of
the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Since
departing the SEC, she has joined the University of Pennsylvania School
of Law as a Distinguished Policy Fellow and the Center on Innovation at
the University of California Hastings School of Law as a Senior Research
Fellow.
About IEX Group, Inc.
IEX Group is on a mission to build fairer markets by setting new
standards for performance and transparency. Founded in 2012 and
headquartered in New York City, IEX Group introduced its first trading
venue in 2013 and launched the Investors Exchange (IEX), the only
independent U.S. stock exchange, in 2016. In less than two years, IEX
has grown to be one of the Top 10 largest exchange operators, globally,
by notional value traded. Learn more at iextrading.com.
Contacts
Sara Forster
[email protected]
1-646-343-2131
