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Professor Larry Harris
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Lawrence E.
Harris, Ph.D., CFA
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Larry
Harris holds the Fred V. Keenan Chair in Finance at the USC Marshall School of Business. His research, teaching, and consulting address
regulatory and practitioner issues in trading and in investment
management. He has written extensively
about trading rules, transaction costs, and market regulations. His introduction to the economics of
trading, TRADING AND EXCHANGES: Market
Microstructure for Practitioners (Oxford University Press: 2003), is widely
regarded as a “must read” for entrants into the securities industry. Chairman
Harvey Pitt appointed Dr. Harris to serve as Chief Economist of the U.S. Securities and Exchange Commission in July 2002 where he
continued to serve under Chairman William Donaldson through June 2004. As Chief Economist, Harris was the primary
advisor to the Commission on all economic issues. He contributed extensively to the
development of regulations implementing Sarbanes-Oxley, the resolution of the
mutual fund timing crisis, the specification of the proposed Regulation NMS
(National Market System), the promotion of bond price transparency, and
numerous legal cases. Harris also
directed the SEC Office of Economic Analysis
in which 35
economists, analysts, and support staff engage in regulatory analysis,
litigation support, and basic economic research. Professor
Harris currently serves on the boards of Interactive Brokers, Inc. (IBKR) and the Clipper
Fund, Inc. (CFIMX), and he recently served on the board of CFALA, the Los Angeles Society of Financial
Analysts. He also serves as research
coordinator for the Institute for Quantitative Research in Finance (The Q-Group). He is a former associate editor of the Journal of Finance, the Review of Financial Studies, and the Journal of Financial and Quantitative
Analysis. Other professional
service has included year-long assignments to the U.S. Securities and
Exchange Commission and to the New York Stock Exchange immediately following
the Stock Market Crash of 1987. Dr.
Harris has also worked at UNX, Inc., an electronic pure agency institutional
equity broker, and at Madison Tyler, LLC, a broker-dealer engaged in
electronic proprietary trading in various markets. Dr.
Harris received his Ph.D. in Economics from the University of Chicago in
1982. He holds the Chartered Financial Analyst designation, conferred by the
CFA Institute in 2010. |
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Last revised 7/07/12.