Published: March 2015

The SEC’s controversial block of Nobel Laureate Joseph Stiglitz

Coalition: Americans for Financail Reform (AFR)

Economist Joseph Stiglitz, who previously called for a tax on high-frequency trading, was blocked from a Securities Exchange Commission (SEC) panel that’s set to advise regulators on issues facing U.S. equity markets.

Securities Exchange Commission’s (SEC) Equity Market Structure Advisory Committee is a panel composed of experts who will advise the agency on a wide-range of topics relating to stock trading, investing and tax. Reports in the press indicate the rejection of Joseph Stiglitz, an eminently qualified economist and Nobel Laureate, stems from partisanship and an unwillingness of the Committee to include perspectives outside of the financial industry and their supporters in Washington, D.C.

In a letter to the SEC, Consumer Action joins coalition advocates ask the Committee to reconsider the decision and at a minimum to publicly explain their decision.

Lead Organization

Americans for Financial Reform (AFR)

Other Organizations

AFL-CIO | AFSCME | Alliance for a Just Society | Americans for Financial Reform | Center for Effective Government | Consumer Action | Main Street Alliance | Mercer Bullard, Professor Law, The University of Mississippi School of Law Public Citizen | U.S. PIRG

More Information

For more information, please visit AFR's website.

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The SEC’s controversial block of Nobel Laureate Joseph Stiglitz   (SECpanel.pdf)