[4] Glauber started his career as a member of the faculty at Harvard Business School in 1964 and continued here until he was called to Washington, D.C. as the executive director of the Task Force appointed by President Reagan to report on the 1987 stock market crash.
[1] The team was chartered with a sixty-day goal of identifying the root cause of the stock market crash on October 19, 1987, an event that was called Black Monday.
One of the outcomes of the recommendations was the introduction of circuit breakers that would automatically halt trading when certain volume or price targets were breached.
[4] He also drafted proposals in 1991, that aimed to repeal depression-era regulations that prevented banks from diversifying into a range of adjacent financial services.
[1] He was the chairman, president, board member and chief executive officer of NASD (now called FINRA), the American private sector regulator of financial markets, between 2000 and 2006.
[7] This was also the period when NASD divested its ownership in Nasdaq and American Stock Exchange, and improving its finances towards pursuing regulatory actions, set up the TRACE bond price transparency systems, and drove new rules around conflict of interest declarations for analysts.