Financial industry advocacy group Healthy Markets Association announced that Professors James Cox and J. Robert Brown, Jr. have joined its Board of Directors.
The two academics are joining as disinterested directors, and as such will be providing strategic guidance and subject matter expertise to the Board and the executive team.
According to the association, the addition of Cox and Brown comes at a crucial time for Healthy Markets, as it looks to build its membership and develop its core initiatives, focusing on ATS Transparency, Metrics and Accreditation, and the Healthy Markets Research Institute.
Professors Cox and Brown are leading voices on securities regulation and governance, and were thrilled to welcome them to our team, said Dave Lauer, Chairman of Healthy Markets. We expect them each to help us continue the dramatic growth and impact of Healthy Markets.
Cox is a Brainerd Currie Professor of Law at Duke University School of Law. He earned his B.S. from Arizona State University and law degrees at University of California, Hastings College of the Law (J.D.) and Harvard Law School (LL.M.). In 2001, he received an Honorary Doctorate of Mercature from the University of South Denmark. In addition to his texts Financial Information, Accounting and the Law, Corporations (with Hazen & ONeal), Business Organizations Cases and Materials (with Eisenberg), and Securities Regulations: Cases and Materials (with Hillman & Langevoort), he has published extensively in the areas of market regulation and corporate governance, as well as having testified before the U.S. House and Senate on insider trading, class actions, and market reform issues.
Coxs professional memberships include the American Law Institute, the PCAOB Standing Advisory Group, NYSE Legal Advisory Committee, the NASD Legal Advisory Board, and the Fulbright Law Discipline Review Committee.
Brown is a Professor at the University of Denver Sturm College of Law, the Director of the Corporate & Commercial Law Program at the law school, and serves as the Secretary to the SECs Investor Advisory Committee. He has written extensively on corporate and securities law subjects, including a textbook on Corporate Governance and a book on corporate disclosure (The Regulation of Corporate Disclosure). Several of his articles that have been cited by the US Supreme Court (including one in Basic v. Levinson, the seminal case on materiality under the antifraud provisions).
Brown has advised foreign governments on corporate and securities law reform, serves as an arbitrator for FINRA, and has been the primary drafter on a number of amicus briefs on behalf of law faculty in cases before the US Supreme Court, including Merck, Matrixx and Omnicare.
Healthy Markets is a not-for-profit association of institutional investors working together with other market participants to promote data-driven reforms to market structure challenges.
