Former SEC Commissioner Joins IEX Board

Investors Exchange (IEX) has announced that Kara Stein, the former commissioner of the Securities and Exchange Commission (SEC), has joined its board of directors. Stein, who held the position of SEC commissioner between August 2013 and January of this year, was a strong advocate for greater investor protection and market transparency. She was heavily involved in the SEC’s shortening of the settlement cycle for equities and fixed income trading, enhancing clearing agency standards, and furthering the adoption of machine-readable disclosures, as well as pushing for the implementation for the Consolidated Audit Trail (CAT) in the US equities and options market.