State, industry and federal regulators to testify
(September 14, 1999) – The Senate Permanent Subcommittee on Investigations, chaired by Sen. Susan Collins (R-ME), will hold a hearing on day trading at 9.30 a.m. Thursday (Sept. 16) in Room 628 of the Dirksen Senate Office Building.
Scheduled to testify are Peter C. Hildreth, New Hampshire’s director of securities regulation and president of the North American Securities Administrators Association (NASAA); Mary Schapiro, president of the regulatory arm of the National Association of Securities Dealers (NASD), and Arthur Levitt, chairman of the US Securities and Exchange Commission (SEC). Saul Cohen will testify on behalf of the Electronic Traders Association (ETA).
Hildreth will discuss the report of NASAA’s Day Trading Project Group, issued last month.