Vedat Akgiray, Chairman of the Capital Markets Board of Turkey.

Vedat Akgiray has graduated from the Boğaziçi University in 1980, after finishing high school at Robert College of Istanbul. He has obtained MA, MBA degrees and also PhD degree in finance at Syracuse University in the US. Having held several posts at numerous universities both in the US and in Turkey, he has published and presented more than 100 articles on various international academic platforms. He has tutored and advised many students at both doctorate and also master degree levels. Besides his academic role, he has also provided consultancy services to various enterprises in the subjects of finance and information technology. Since 1990, he has held his academic position at Boğaziçi University, where he was promoted to full professorship in 2000. He is the founder of the masters program in Financial Engineering, where he has served as the chairman during the period 2002-2009. Dr. Akgiray has been appointed as the Chairman of the Capital Markets Board of Turkey since March 2009.

Thomas Biolsi, re-joined PriceWaterhouseCoopers LLP as a Regulatory Consulting Practice Principal in September 2009. Until August 2009, he worked as an Associate Regional Director (Investment Adviser/Investment Company Examination Program) since June 2006, Branch Chief and Staff Examiner in Investment Adviser Examination program (1979-1988). Prior to re-joining the Commission, Mr. Biolsi was Managing Director of Regulatory Compliance Group at PricewaterhouseCoopers (1996-2006) and Compliance Director and Chief Compliance Officer for registered investment advisory business at Prudential Insurance Company (1988-1995). Education: Chapman College, B.A., 1978 United States Air Force (1975-1978).

Sam Draddy is the Director of Insider Trading Surveillance and PIPEs (Private Investment in Public Equities) Surveillance in the Division of Market Regulation at the Financial Industry Regulatory Authority (FINRA). Sam oversees those two groups which consist of a total of 5 Team Leaders and approximately 30 Analysts who surveil the Nasdaq, Amex and Over-the-Counter markets for any potential insider trading or any potential securities violations associated with PIPEs transactions including fraud, insider trading and short sale rule violations. Sam came to FINRA in May of 2007 after over seven years in the Division of Enforcement at the Securities and Exchange Commission. Sam was a staff attorney/senior counsel at the Commission from 1999 through 2004 and then a branch chief from 2005 though 2007. Prior to coming to the Commission, Sam was a criminal prosecutor in the State's Attorney's Offices for Baltimore County and Montgomery County, Maryland from 1994 though 1999. Sam got his B.A. at Brown University and his J.D. at New York School.

Dr. Robert M. Fisher is an Assistant Director in the Office of International Affairs at the US Securities and Exchange Commission (SEC). Dr. Fisher is both an attorney and an economist; his education includes a Ph.D. in Economics from Duke University (1982) and a J.D. from Harvard Law School (1991, magna cum laude). He is responsible for SEC technical assistance, including sharing best regulatory practices, assistance on draft regulations and statutes, answering inquiries from foreign regulators on SEC practice and the provision of training to foreign regulators. In the past three years, he has provided in-country consultations, given technical presentations, participated as a speaker or conducted training programs in the following countries: Brazil, Canada, China, Egypt, Ethiopia, India, Kuwait, Malaysia, Philippines, Saudi Arabia, South Africa, Thailand, Trinidad & Tobago, Uganda, Ukraine and the United States. Prior to his present position, Dr. Fisher served as a financial economist in the SEC's Office of Economic Analysis, where he worked on policy-related issues and in support of enforcement. Before joining the SEC, Dr. Fisher's legal career included stints (as a lawyer) at the law firms of Fried Frank, Sidley & Austin and Skadden Arps. At Fried Frank -and just prior to joining the SEC- he was Special Counsel and focused on securities regulatory and enforcement matters. While his primary area of practice has been securities regulation, he has also worked on telecommunications, anti-trust, railway, international trade and banking matters. He clerked for Judge Stephen F. Williams at the US Court of Appeals, D.C. Circuit. Dr. Fisher also has experience as a consultant, working as a "practice manager" at a for-profit corporate think-tank known as the Corporate Executive Board, where he oversaw various teams of consultants providing best practice studies (largely to Fortune 500 companies.) His academic experience includes teaching economics as an Associate Professor at the College of the Holy Cross in Worcester, Massachusetts, as well as stints (as an economist) at Cambridge University as a Visiting Fellow, at the Australian National University as a Research Fellow and at the University of Adelaide (South Australia) as a Tutor. He also served as an Adjunct Professor of Law at the Georgetown University Law Center in Washington, DC, where he co-taught a course on Global Securities Markets. Dr. Fisher has published one book, entitled The Logic of Economic Discovery. It is an exploration of economic methodology. Dr. Fisher was a recipient of the US SEC Chairman's Award for Excellence in 2008.

Bruce Karpati is an Assistant Regional Director in the Enforcement Division in the New York Regional Office of the Securities and Exchange Commission. Prior to joining the Commission, he was in private practice at Dechert LLP in Washington, D.C. Mr. Karpati received a B.A. degree in International Relations from Tufts University and a J.D. degree from the University of Buffalo Law School. Mr. Karpati is the head of the Commission's Hedge Fund Working Group, which (i) educates and informs Commission staff on current and novel hedge fund issues; (ii) develops databases and technological tools to better police hedge funds; (iii) tracks cases and investigations concerning hedge funds; and (iv) coordinates and communicates on hedge fund issues among the various Commission Divisions, outside agencies, self-regulatory organizations, and foreign regulators. Mr. Karpati is also responsible for a number of ongoing hedge fund investigations and has brought several enforcement actions involving hedge funds, including In the Matter of Millennium Partners, LP (market-timing); In the Matter of Schultze Asset Management LLC (soft dollar violations); In the Matter of Quattro Global Capital LLC (13F violations); SEC v. Northshore Asset Management, LLC et al. (misrepresentations and conflicts of interest); In the Matter of Imperium Advisors, LLC (Rule 105 violations); and SEC v. HMC Capital et al. (misappropriation). Mr. Karpati regularly conducts training on hedge funds and has spoken at a number of hedge fund conferences. Mr. Karpati has also worked on a variety of other enforcment actions, including (i) insider trading in ImClone securities by Martha Stewart, Peter Bacanovic and Samuel Waksal; (ii) regulatory failures by the New York Stock Exchange; (iii) a microcap fraud initiative that has resulted in the trading suspensions of over 50 Pink Sheet companies; (iv) an FCPA action against a multinational oil company for bribing an Iranian government official; and (vi) auditor independence violations by a major accounting firm.

Kathleen Kelly is Senior Counsel in the Office of International Affairs at the United States Securities and Exchange Commission. In this capacity she works on policy initiatives related to international securities regulation, assists in international enforcement matters and provides technical assistance to securities regulators in foreign jurisdictions. Ms. Kelly previously served as Senior Counsel in the Office of Compliance, Inspections and Examinations at the United States Securities Exchange Commission, where she conducted audits of the regulatory programs of national stock exchanges and the Financial Industry Regulatory Agency. Prior to joining the Commission, Kathleen was an Associate at Friedman, Wittenstein and Hochman, a litigation law firm in New York City. Kathleen also worked at the Irish American Unity Conference, a non-profit organization that supported the peaceful resolution of the conflict in Northern Ireland. Kathleen graduated from the American University, Washington College of Law and School of International Service with a Juris Doctor and a Masters in International Affairs. She completed her undergraduate studies at Binghamton University and the London School of Economics.

Kimberly J. Rodgers serves currently as an Associate Professor of Finance at the Kogod School of Business at American University in Washington DC. Professor Rodgers' primary research interests include financial distress, corporate bankruptcy, capital structure, and credit ratings. Her work has published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Financial Management. Dr. Rodgers earned her PhD in finance from the Krannert Graduate School at Purdue University in 2000, joined the Smeal College of Business faculty at the Pennsylvania State University and later taught at the Stern School of Business at New York University. Dr. Rodgers has taught a wide array of courses to graduate students including corporation finance, corporate restructuring, equity valuation, and capital markets. She first joined the Office of Economic Analysis at the US Securities and Exchange Commission in 2003, and later in 2007, to study the credit ratings industry. She continues to provide OEA with periodic assistance on this topic.

Rose Romero has been the Regional Director for the Fort Worth District Office of the United States Securities and Exchange Commission since March 2006. In that role she oversees the Enforcement and Examination Programs for the Region. Before beginning her duties at the SEC, Ms. Romero was Executive Assistant United States Attorney for the Northern District of Texas. In that role, she advised the U.S. Attorney in a range of areas of management and administration and oversaw all criminal and civil programs initiated by the Northern District. Ms. Romero joined the U.S. Attorney's Office in 1989 as an Assistant U.S. Attorney and investigated and prosecuted numerous cases involving white collar fraud, telemarketing fraud, bank fraud, narcotics and money laundering. In 1996, she was appointed Deputy Criminal Chief, Narcotic and Violent Crimes Section, where she served until 1999. Ms. Romero then was selected to work as a resident legal advisor to the U.S. Ambassador to Ecuador where she advised the Ambassador on legal and political issues and assisted local officials in drafting civil and criminal legislation aimed at punishing financial crimes, money laundering and narcotics trafficking. Prior to her appointment to her present position, she also served as District Senior Litigation Counsel in the U.S. Attorney's Office. Ms. Romero received her BS from Texas Christian University and her JD from Southern Methodist University. She also served in the United States Air Force.

Richard Shilts is the Deputy Director of the CFTC's Division of Market Oversight. Mr. Shilts has served as the Director since 2005, and, prior to that, he served the Commission in various management and staff roles. The Division's key responsibilities include surveillance of positions and trading activity on U.S. exchanges to detect market manipulation and protect traders from abuses, the approval of new futures exchanges, reviews of new futures and option products, and the issuance of no access letters to foreign boards of trade seeking to place electronic terminal in the U.S. In addition, the Division provides policy advice to the Commission on all matters related to the oversight of regulated exchanges and issues related to derivatives trading in the U.S. to ensure that the Commission's regulatory programs reflect evolving market conditions and do not impede competition. Mr. Shilts has Bachelors and Master Degrees in Economics from Case Western Reserve University in Cleveland, Ohio.