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The SEC Speaks in 2019


Speaker(s): Alison Staloch, Andrea Ottomanelli Magovern, Anita B. Bandy, Austin Gerig, Brett W. Redfearn, Brian M. Johnson, Bridget Fitzpatrick, Charles E. Cain, Charles Koretke, Charu Chandrasekhar, Christian R. Sabella, Dalia Blass, Daniel Michael, Daniel R. Gregus, Daniel S. Kahl, Daniel Staroselsky, David Lisitza, David R. Fredrickson, David S. Shillman, Dominick V. Freda, Donna McCaffrey, Elizabeth H. Baird, Eugene Canjels, Hans G. Heidle, Hon. Annette L. Nazareth, Hon. Cynthia A. Glassman, Hon. Daniel M. Gallagher, Hon. Edward H. Fleischman, Hon. Elad L. Roisman, Hon. Elisse B. Walter, Hon. Harvey L. Pitt, Hon. Hester M. Peirce, Hon. Jay Clayton, Hon. Laura S. Unger, Hon. Paul S. Atkins, Hon. Robert J. Jackson, Jr., Hon. Roberta S. Karmel, Hon. Roel C. Campos, Hon. Steven M. H. Wallman, Hon. Troy A. Paredes, Hope H. Augustini, James McLoughlin, Jeffrey S. Mooney, Jennifer A. Zepralka, Jessica Kane, John C. Roeser, John S. Polise, Jon Hertzke, Jonathan A. Ingram, Joseph K. Brenner, Joseph Sansone, Keith E. Cassidy, Kelly Gibson, Kevin W. Goodman, Kristin A. Snyder, Kurt L. Gottschall, Kyle L. Moffatt, LeeAnn G. Gaunt, Lisa K. Helvin, Marc P. Berger, Mark E. Wolfe, Martha Legg Miller, Matthew S. Jacques, Mattias Nilsson, Melissa Hodgman, Michael A. Conley, Michael A. Macchiaroli, Michael Kosoff, Michele M. Anderson, Natasha V. Greiner, Pamela A. Gibbs, Patrick Gilmore, Paul Cellupica, Peter B. Driscoll, Richard Humes, Richard R. Best, Rick A. Fleming, Robert A. Cohen, Robert B. Stebbins, S.P. Kothari, Sarah R. Prins, Shelley E. Parratt, Shelly Luisi, Stephanie Avakian, Steven R. Peikin, Tamara M. Brightwell, Ted Yu, Thomas K. McGowan, Thomas Karr, Tracey A. Hardin, Wesley R. Bricker, William H. Hinman
Recorded on: Apr. 8, 2019
PLI Program #: 251747

Alison Staloch is the Chief Accountant of the Division of Investment Management at the U.S. Securities and Exchange Commission. In this role, Alison works closely with Commission staff to develop recommendations for policies to ensure the full and fair disclosure of financial information by investments companies, interpretations of rules relating to the form and content of financial statements, and the establishment of uniform standards of auditing and accounting practices with respect to investment companies. Alison also manages the accounting examination program within the Division of Investment Management which reviews and provides comments on thousands of registered investment company’s annual financial statements and regulatory filings each year. She frequently discusses investment company accounting rules and industry practice issues at regional and national conferences.  

Alison joined the SEC in 2015 from KPMG LLP where she was as a Senior Manager in the audit practice specializing in the investment management industry, including investment companies registered under the Investment Company Act of 1940, private funds, commodity pools, family office trusts, and investment companies regulated by the Small Business Administration.

Alison has a Masters in Accounting from the Ohio State University Fisher College of Business. Alison is a Certified Public Accountant licensed in Ohio.


Anita Bandy is an Associate Director in the Securities and Exchange Commission’s Division of Enforcement, where she assists in planning and directing the Commission’s enforcement program.  Anita joined the Commission in 2004 and then served in several positions of increasing responsibility in the Enforcement program.  During her tenure at the Commission, Anita has led multiple enforcement initiatives and has supervised dozens of investigations that resulted in actions spanning a wide range of matters, including financial fraud, offering frauds, market manipulation, the Foreign Corrupt Practices Act, the Jumpstart Our Business Startups Act, and other illegal acts that occur in the mergers & acquisitions, cyber, broker-dealer and investment-adviser space.  Prior to joining the SEC, Anita spent several years in private practice at the law firm of Proskauer LLP, where she focused on white collar and SEC defense work.  She received her J.D. with honors from American University and her undergraduate degree with honors from the University of Michigan.


Annette Nazareth leads Davis Polk & Wardwell's Trading and Markets practice in the firm’s Financial Institutions Group. She also heads the firm’s Washington, D.C. office. Ms. Nazareth is an experienced financial markets regulator, former SEC Commissioner, and recognized authority on financial markets regulatory issues. She regularly advises boards of directors on corporate governance matters and corporations that are subject to regulatory and enforcement actions. She also advises domestic and international clients, including broker-dealers, swap dealers, exchanges, clearinghouses and other financial institutions, across a broad range of complex financial regulatory and legislative matters.

Ms. Nazareth has been a key player in financial services regulatory reform for much of her career. She was a highly regarded financial services policymaker for more than a decade. She joined the SEC Staff in 1998 as a Senior Counsel to Chairman Arthur Levitt and then served as Interim Director of the Division of Investment Management. She served as Director of the Division of Trading and Markets from 1999 to 2005. As Director, she oversaw the regulation of broker-dealers, securities exchanges and clearing agencies. She also served as the senior staff member assisting the SEC Chairman on the President’s Working Group on Financial Markets. In 2005 she was appointed an SEC Commissioner by President George W. Bush. During her tenure at the Commission, she worked on numerous groundbreaking initiatives, including execution quality disclosure rules, implementation of equities decimal pricing, short sale reforms, corporate debt transparency rules and modernization of the national market system. Ms. Nazareth also served as the Commission’s representative in international meetings as a member of the Financial Stability Forum from 1999 to 2008. Earlier in her career Ms. Nazareth held a number of senior positions at investment banks.

Ms. Nazareth is a frequent speaker and commentator and has authored numerous pieces on financial regulatory issues. She is the Contributing Editor of Getting the Deal Through: Financial Services Compliance 2019, published by Law Business Research Ltd and co-authored a chapter in Digital and Digitized Assets: Federal and State Jurisdictional Issues, published by the American Bar Association in 2019. Ms. Nazareth currently serves on several not-for-profit boards, including: Urban Institute; Watson Institute; St. Albans School of Public Service; Board of Visitors of Columbia Law School, Advisory Board of the Brown University Executive Master in Cybersecurity program; and the SEC Historical Society. She is also a member of the American Law Institute and serves on the Advisory Board of Bitfury. Ms. Nazareth previously served on the boards of Brown University;  National Cathedral School; and John T. Walker School for Boys.

Ms. Nazareth has received numerous awards for her work in the financial industry. She received the SIFMA Compliance and Legal Society 2019 Alfred J. Rauschman Award in recognition of her significant contributions to the compliance and legal communities and her dedication to the securities industry. She received a Lifetime Achievement Award from Traders magazine's inaugural "Wall Street Women of Excellence" awards. She was nominated by individuals in the trading community and was the only lawyer to receive an award. She also received the Women in Finance Lifetime Achievement Award from Markets Media in 2016, as well as the Security Traders Association—2008 Dictum Meum Pactum Award. In 2001 Ms. Nazareth received the President’s Award given by the Compliance and Legal Division of the Securities Industry Association to a regulator who has made significant contributions to the securities industry, and the Wall Street Letter’s Elan Award for Contributions to Regulatory Issues. The latter award was given in special recognition for her efforts relating to the recovery of the financial markets after the attacks on September 11.

Ms. Nazareth graduated from Columbia University School of Law, where she was a Harlan Fiske Stone Scholar, and Brown University, where she graduated magna cum laude and Phi Beta Kappa.

 

 

 


Austin Gerig leads the Office of Research and Data Services in the Division of Economic and Risk Analysis at the U.S. Securities and Exchange Commission.  He holds a Ph.D. in Physics and an M.S. in Finance from the University of Illinois at Urbana-Champaign.   Prior to joining the SEC, Austin was a Graduate Fellow at the Santa Fe Institute, a Postdoctoral Research Fellow at the University of Technology Sydney, and most recently, a Senior Research Fellow in the Said Business School, University of Oxford. 

Austin’s research has touched on a number of important topics in market microstructure including: the price impact of large, algorithmically traded orders; the structure of volatility fluctuations in security prices; and the effects of high-frequency trading in financial markets.  His research has been highlighted in numerous media outlets including Bloomberg View, The Wire, The MIT Technology Review, and NPR.


Brett Redfearn was named the U.S. Securities and Exchange Commission's Director of the Division of Trading and Markets in October 2017.

Mr. Redfearn joins the SEC from J.P. Morgan, where he was Global Head of Market Structure for the Corporate and Investment Bank.

Mr. Redfearn has a long history in the U.S. equity markets, having worked with investors, exchanges and broker-dealers. During his career, he has focused on how technology, regulation and business trends are changing trading patterns across asset classes and geographic regions. He has helped build electronic trading products, worked closely with exchanges and other trading venues as these products evolved, and engaged with global asset managers on major regulatory developments. He has also been a frequent contributor at policy forums surrounding U.S. equity markets, and has been an active participant at several meetings of the SEC's Equity Market Structure Advisory Committee.

He has served as Chairman of SIFMA’s Equity Markets and Trading Committee and was a participant on the Security Traders Association (STA) Market Structure Analysts Committee and the Canadian STA (CSTA’s) Trading Issues Committee. Previously, Mr. Redfearn has served on the boards of Bats Global Markets, BATS Exchange, the National Organization of Investment Professionals, the Chicago Stock Exchange, and BIDS Trading.

Mr. Redfearn earned his M.A. in political science from the New School for Social Research and his B.A. from the Evergreen State College in Olympia, Washington.

 


Brian McLaughlin Johnson is an Assistant Director in the Rulemaking Office in the SEC’s Division of Investment Management. Mr. Johnson heads the Division’s Investment Company Regulation Office, which is responsible for rulemaking activities under the Investment Company Act in the Division and provides advice on policy initiatives affecting the asset management industry. Before joining the SEC in 2010, Mr. Johnson was an associate at the Washington, D.C. offices of K&L Gates and WilmerHale. Mr. Johnson received his B.A. from the University of Delaware and his J.D. from the George Mason University School of Law.


Charu Chandrasekhar is an Assistant Regional Director in the SEC’s Division of Enforcement and leads the Division’s Retail Strategy Task Force, which develops data-driven, targeted initiatives to identify large-scale misconduct impacting retail investors.  Ms. Chandrasekhar previously was a Senior Advisor and Senior Counsel in the Division of Enforcement’s Market Abuse Unit, where she worked on numerous insider trading cases involving corporate insiders, broker dealers, and hedge funds; multiple matters involving violations of the federal securities laws by exchanges, dark pools and other trading venues, including the Commission’s largest settlement against a dark pool and one of the Commission’s largest stock exchange settlements, and several cyber investigations.  Ms. Chandrasekhar joined the SEC after working as a litigator at a law firm in New York and serving as a law clerk to the Honorable Sonia Sotomayor on the U.S. Court of Appeals for the Second Circuit. Ms. Chandrasekhar received her J.D. from Harvard Law School and her B.A. from Yale University. 


Christian Sabella is Deputy Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission (SEC), where he is responsible for the Offices of Market Supervision and Clearance and Settlement.  He joined the SEC in 2011 and has served in a number of roles, including as Associate Director for the Office of Clearance and Settlement.  Mr. Sabella has a J.D. from Georgetown University Law Center and received his undergraduate degree from the University of Notre Dame.


Chuck Koretke currently serves as Acting Managing Executive in the Commission’s Office of Compliance Inspections and Examinations (OCIE).  In this role, he is responsible for directing teams that work for to ensuring the effective and efficient operations of the SEC’s examination program in various areas including human capital, budget, planning, management reporting, information technology, data management, technology projects, and training.

In addition, Chuck is the Assistant Director overseeing OCIE’s Office of Risk Analysis and Surveillance, a national unit of 18 staff who are responsible for enhancing the National Examination Program’s ability to identify and select firms and practices that present the greatest risks to investors, markets and capital formation.  In this capacity, Chuck works on a range of Commission-wide data analytic and information technology initiatives, partnering with other analytic teams from around the agency. 

Chuck began his career with the Commission in September 1996 as an accountant in the Investment Adviser/Investment Company examination program in the Chicago Regional Office.  He is a graduate of DePaul University in Chicago, where he received both a bachelor’s degree in accountancy and an M.B.A. in finance.  He is a registered CPA in the State of Illinois and is a recipient of the SEC’s Douglas Adams Award.


Cynthia A. Glassman is a member of the Board of Discover Financial Services where she chairs the audit committee. She was also on the Board of Navigant Consulting, Inc., until its recent sale, where she chaired the nominating and governance committee and served on the audit committee. In addition, Dr. Glassman is a Senior Research Scholar focusing on corporate governance in the Institute for Corporate Responsibility at the GWU School of Business. She is also of a member of the Dow Jones five-person Special Committee, an independent body charged with safeguarding the editorial independence of The Wall Street Journal and Dow Jones, as well as their adherence to the highest ethical and professional standards.

Prior to her current roles, she was appointed by President Bush to serve as the Under Secretary for Economic Affairs at the U.S. Department of Commerce from 2006 to January 2009. In that role, she served as the principal economic advisor to the Secretary of Commerce and oversaw two major Federal statistical agencies

She served as a Commissioner of the U.S. Securities and Exchange Commission from 2002 to 2006 and as Acting Chairman during the summer of 2005.  As the only Commissioner with a doctorate in economics, Dr. Glassman brought a unique voice to the Commission, where she regularly sought greater rigor in the regulatory process. During her tenure, she was closely involved in developing and voting on the regulations implementing the requirements of the Sarbanes-Oxley Act, as well as a number of other regulations regarding corporate governance and financial markets.

Dr. Glassman has spent over 45 years in the public and private sectors focusing on financial services regulatory and public policy issues. Earlier in her career, she spent 12 years at the Federal Reserve and 15 years at consulting firms. She is currently on the Advisory Board of the Business and Finance Law Program at the George Washington University (GWU) Law School and has served on several nonprofit boards.

Dr. Glassman received her M.A. and Ph.D. in Economics from the University of Pennsylvania and her B.A. in Economics from Wellesley College. She was a supervisor in economics at the University of Cambridge, England, where she has been named an Honorary Fellow of Lucy Cavendish College.


Dalia Osman Blass is the Director of the Securities and Exchange Commission’s Division of Investment Management.

The SEC's Division of Investment Management works to protect investors and to promote capital formation and innovation in investment products and services through oversight and regulation of the nation’s multi-trillion dollar investment management industry. The Division is responsible for the Commission's regulation of investment companies, variable insurance products, and federally registered investment advisers.

Ms. Blass previously served in a number of leadership roles in the Division of Investment Management. Ms. Blass returned to the SEC as Director of the Division of Investment Management in September, 2017 from private practice, where she advised on a broad range of investment fund, private equity, and regulatory matters. Earlier in her career, Ms. Blass practiced corporate law in New York and London.

Ms. Blass earned a J.D. from Columbia University School of Law. She received her B.A in international studies from the American University and studied political science at the American University in Cairo.


Daniel Gallagher advises corporate boards and management on the full range of legal and strategic issues they face, and counsels financial services and accounting firms in investigations, regulatory proceedings and policy matters. Mr. Gallagher brings to his practice an unparalleled breadth of experience from having served not only in senior positions at the Securities and Exchange Commission but also as the chief legal officer of a global, S&P 500 corporation and general counsel of a broker-dealer.

Mr. Gallagher has extensive experience in the public and private sectors, navigating regulatory matters, financial markets, corporate legal affairs and governance, and fintech issues, including the regulatory and policy issues arising from new technology.

Mr. Gallagher previously served as the chief legal officer at Mylan N.V., a leading global pharmaceutical company; as the president of a financial services consulting firm; and as an SEC Commissioner. As an SEC Commissioner, Mr. Gallagher championed corporate governance reform, advocated for a comprehensive holistic review of equity market structural issues, and encouraged greatly improving the commission’s fixed income market expertise.

Mr. Gallagher also served on SEC staff in various senior roles, including as the deputy director and co-acting director of the Division of Trading and Markets, where he was on the front lines of the agency’s response to the financial crisis, including representing the commission in the Lehman Brothers liquidation. He was also a counsel to former SEC Commissioner Paul Atkins and to former Chairman Christopher Cox, working on matters involving the Division of Enforcement and the Division of Trading and Markets.

Earlier in his career, Mr. Gallagher was the senior vice president and general counsel of a global provider of financial services technology, where he managed all legal and regulatory matters. He first joined WilmerHale in 1993 as an associate in the firm’s Securities Department.

Professional Activities

Mr. Gallagher serves on the boards of the National Association of Corporate Directors (NACD), a leading membership organization for corporate board directors; Symbiont, a blockchain technology company developing products in smart contracts and distributed ledgers for use in capital markets; and Robinhood, a commission-free investing app. He was formerly a non-executive director of the Irish Stock Exchange.

Mr. Gallagher is also on the advisory boards for the Institute for Law and Economics at the University of Pennsylvania and the Center for Corporate Governance, part of the Raj & Kamla Gupta Governance Institute in Drexel University’s LeBow College of Business.


Daniel Staroselsky is a Senior Litigation Counsel in the Office of the General Counsel at the Securities and Exchange Commission.   Dan has served as a member of the Office’s Appellate Group since November 2011.  He joined the group after working for a year in the Commission’s Division of Trading and Markets.

Dan graduated from the Georgetown University Law Center in 2006, where he was a member of the Georgetown Law Journal.  Before joining the Commission, he practiced in the Supreme Court and Appellate Litigation group at Mayer Brown in Chicago, IL, and clerked for Judge Kathryn A. Oberly of the District of Columbia Court of Appeals.


David D. Lisitza is a member of the Securities and Exchange Commission’s Appellate Group, where he writes briefs and argues cases in the federal courts of appeals. 

David focuses on insider trading, and wrote the SEC’s appellate briefs in Salman, Newman, Rajaratnam, Gupta, Obus, and Dorozhko.  He also briefs remedies issues, including in Liu and Gabelli.  And he works on a range of digital asset issues, such as bitcoin exchange-traded products and initial coin offerings.         

David clerked for Judge Frank H. Easterbrook.  He also worked on appeals for Mayer Brown and Gibson Dunn.  David received both his J.D. and B.A. from the University of Chicago.


David Shillman is an Associate Director in the SEC’s Division of Trading and Markets, where he is responsible for oversight of the U.S. equity and debt markets.  Prior to that time, he served in a variety of positions in the Division, including Counsel to the Director and International Counsel.  Mr. Shillman was in private practice in New York and Washington, D.C. before joining the SEC in 1995.  He is a graduate of Northwestern University and the University of Michigan Law School.


Dominick V. Freda is an Assistant General Counsel in the Office of the General Counsel at the Securities and Exchange Commission.   Donnie has served as a member of the Office’s Appellate Group since December 2003.  He joined the Commission’s staff from Jones Day, where he had been an associate in the firm’s Issues and Appeals practice group in Washington, D.C.

Donnie graduated cum laude from the University of Pennsylvania Law School in 1998, where he was a member of the University of Pennsylvania Law Review and the National Trial Advocacy Team.  After graduating, he clerked for Judge Morton I. Greenberg of the United States Court of Appeals for the Third Circuit.


Donna McCaffrey is a Special Trial Counsel in the Litigation and Administrative Practice Group of the SEC’s Office of the General Counsel. Ms. McCaffrey investigates and prosecutes attorney misconduct cases under SEC Rule of Practice 102(e) and Part 205 of the SEC’s Part 205 Standards of Professional Conduct for Attorneys Appearing and Practicing Before the Commission in the Representation of an Issuer. Ms. McCaffrey has a B.A. in Economics from the Catholic University of America and a J.D. from the College of William and Mary Marshall- Wythe School of Law.


Edward H. Fleischman
Consultant on Corporate and Financial Markets Law
Admitted to the Bar of New York and of the US Supreme Court

Practice Areas:  Business Entities; Financial Regulation; Capital Markets

Experience:
Counsel/Consultant on US law and regulations applicable to business entities and to participants in the US
securities and derivatives markets, including investment banks, securities broker/dealers, futures commission
merchants, investment advisers and commodity trading advisors, both within and across borders into the US

Education:
1956 - 1959 Columbia University Law School, LL.B., Harlan Fiske Stone Scholar
1949 - 1953  Harvard College, B.A. cum laude

Career to Date:
2011 to date:     Independent Consultant; Consulting Editor (2014) to Metropolitan Corporate Counsel
1994 - 2010: Senior Counsel, Linklaters LLP (resident in New York)
1992 - 1994:  Partner, Rosenman & Colin, New York
1986 - 1992: Commissioner, US Securities & Exchange Commission, Washington DC
1959 - 1985: Partner (previously Associate), Beekman & Bogue, New York

Additional Positions:

1998 - 2014:    Chairman (Co-Chair fr.2011), Int’l. Law Ass’n. Committee on International Securities Regulation
1999 - 2002:    Chairman, Amer. Bar Ass’n. Int’l Law Committee on Int’l Securities Transactions
1995 - 1999:    Chairman, Amer. Bar Ass’n. Business Law Committee on Professional Responsibility
1990 - 1991:    President, American College of Investment Counsel
1987 - 1991:    Chairman, Amer. Bar Ass’n. Business Law Committee on Developments in Business Financing
1981 - 1984:    Chairman, Amer. Bar Ass’n. Admin. Law Committee on Securities, Commodities & Exchanges
1980 - 1983:    Chairman, Amer. Bar Ass’n. Business Law Subcommittee on Model Simplified Indenture
1973 - 1978:    Chairman, Amer. Bar Ass’n. Business Law Subcommittee on Broker-Dealer Matters

1952 -1955:     U.S. Army Military Intelligence (stationed in Nuremberg, Germany)


Elad L. Roisman was appointed by President Donald Trump to the U.S. Securities and Exchange Commission (SEC) and was sworn into office on September 11, 2018.

Commissioner Roisman joined the SEC from the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he served as Chief Counsel. In that role, and as Securities Counsel on the Committee, he counseled Chairmen Mike Crapo (R-ID) and Richard Shelby (R-AL), as well as members of the Committee, on securities, financial regulation, and international financial matters. Commissioner Roisman worked on drafting several pieces of legislation that became law and played an integral role in the drafting and negotiation of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Before working in the Senate, he served as Counsel to SEC Commissioner Daniel M. Gallagher, focusing on enforcement and policy relating to the U.S. equity and fixed income markets, the asset management industry, and international regulation of capital markets. Prior to joining the SEC, he held positions as a Chief Counsel at NYSE Euronext and an associate at the law firm of Milbank, Tweed, Hadley & McCloy LLP in New York.

Commissioner Roisman earned his bachelor’s degree in History at Cornell University and his J.D. at the Boston University School of Law.


Elisse B. Walter was appointed Commissioner of the Securities and Exchange Commission by President George W. Bush and served from July 2008 until August 2013.  She was designated the 30th Chairman of the SEC by President Barack Obama, and she served as the agency's leader from December 2012 to April 2013. She also served as Acting Chairman in January 2009.

Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for the Financial Industry Regulatory Authority (FINRA. She held the comparable position at NASD before its 2007 consolidation with NYSE Member Regulation.

Ms. Walter coordinated policy issues across FINRA and oversaw a number of departments including Investment Company Regulation, Corporate Financing, Member Education and Training, Investor Education, Emerging Regulatory Issues and Disciplinary Affairs. She also served on the Board of Directors of the FINRA Investor Education Foundation.

Prior to joining NASD, Ms. Walter served as the General Counsel of the Commodity Futures Trading Commission. Before joining the CFTC in 1994, Ms. Walter was the Deputy Director of the Division of Corporation Finance of the SEC. She served on the SEC's staff beginning in 1977, both in that Division and in the Office of the General Counsel, including service as Associate General Counsel. Before joining the SEC, Ms. Walter was an attorney with a private law firm.

Ms. Walter is a member of the Board of Directors of Occidental Petroleum Corporation, the Sustainability Accounting Standards Board, the National Women’s Law Center and the FINRA Investor Education Foundation, and a member of the Board of Governors of FINRA. She is a member of the Academy of Women Achievers of the YWCA of the City of New York and the inaugural class of the DirectWomen Board Institute. She also has received, among other honors, the Presidential Rank Award (Distinguished), the Association of SEC Alumni William O. Douglas Award, the SEC Chairman's Award for Excellence, the SEC's Distinguished Service Award, and the Federal Bar Association's Philip A. Loomis, Jr. and Manuel F. Cohen Awards.

She graduated from Yale University with a B.A., cum laude, in mathematics and received her J.D. degree, cum laude, from Harvard Law School. Ms. Walter is married to Ronald Alan Stern.


Elizabeth H. Baird is the Deputy Director in Trading and Markets and oversees the Office of Broker Dealer Finance, and the Office of Derivatives Policy and Trading Practices, in addition to the Division’s fixed income and crypto initiatives. Ms. Baird joins the Commission from Morgan, Lewis & Bockius LLP, where she was co-managing partner of the firm’s Washington, D.C. office and served as a leading adviser to businesses and investors in the fixed income, equities, and options markets. 

 Prior to attending law school, Ms. Baird spent nearly a decade trading bonds.  Ms. Baird earned her bachelor’s degree from Brown University and her law degree from the Georgetown University Law Center.


Harvey Pitt is CEO of global business consulting firm Kalorama Partners, and its law firm affiliate, Kalorama Legal Services. From 2001-03, Mr. Pitt was 26th SEC Chairman. Mr. Pitt served previously at the SEC (1968-78), including three years as General Counsel.

Mr. Pitt was a senior corporate partner at Fried, Frank LLP (1978-2001). He received his J.D. from St. John's University Law School (1968), and his B.A. from Brooklyn College (1965). He received an honorary St. John's LL.D. (2002).

Mr. Pitt is an independent director of Paulson & Co.’s international hedge funds and a member of their Audit Committees; is a member of Millennium Capital’s Advisory Council. In 2017, he was appointed to the Advisory board of JBS USA Holdings, Inc.


Hester M. Peirce was appointed by President Donald Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018. 

Prior to joining the Commission, Commissioner Peirce conducted research on the regulation of financial markets at the Mercatus Center at George Mason University.  Before joining the Mercatus Center, Commissioner Peirce was a Senior Counsel on the Senate Committee on Banking, Housing, and Urban Affairs, where she counseled Ranking Member Richard Shelby and other members of the Committee on securities issues.  From 2004 to 2008, Commissioner Peirce worked as counsel to SEC Commissioner Paul S. Atkins.  Prior to that, she worked as a Staff Attorney in the SEC’s Division of Investment Management.  Before working at the SEC, Commissioner Peirce was an associate at Wilmer, Cutler & Pickering (now WilmerHale) and clerked for Judge Roger Andewelt on the Court of Federal Claims.

Commissioner Peirce earned her BA in Economics from Case Western Reserve University and her JD from Yale Law School.


Hope Hall Augustini joined the staff of the Commission in the Office of the General Counsel in 1995. She is now in the Appellate Litigation Group of the General Counsel's Office as a Senior Litigation Counsel and serves as the enforcement liaison to the Division of Enforcement.


Jay Clayton was nominated to chair the U.S. Securities and Exchange Commission on January 20, 2017, by President Donald J. Trump and was sworn in as Chairman on May 4, 2017. In addition to chairing the SEC, he is a member of the President’s Working Group on Financial Markets, the Financial Stability Oversight Council, and the Financial Stability Board. Chairman Clayton also participates on the Board of the International Organization of Securities Commissions.

Background, Education and Experience

Chairman Clayton was born at Fort Eustis in Newport News, Virginia, and was raised primarily in central and southeastern Pennsylvania. In his professional career, he has lived in Philadelphia, New York, London, and Washington, DC. Prior to joining the Commission, Chairman Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firm’s Management Committee and co-head of the firm’s corporate practice. From 2009 to 2017, Chairman Clayton was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School.

Prior to joining Sullivan & Cromwell, Chairman Clayton served as a law clerk for the Honorable Marvin Katz of the U.S. District Court for the Eastern District of Pennsylvania. A member of the New York and Washington, DC bars, Chairman Clayton earned a BS in Engineering from the University of Pennsylvania (summa cum laude), a BA and MA in Economics from the University of Cambridge (Thouron Scholar), and a JD from the University of Pennsylvania Law School (cum laude, Order of the Coif).


Jeffrey Mooney is an Associate Director in the SEC's Division of Trading and Markets.  He heads the Office of Clearance and Settlement where his responsibilities include developing regulatory standards for central counterparties, central securities depositories and other entities that provide clearance and settlement services.  He also represents the SEC in domestic and international policy initiatives. 

During his tenure, Jeffrey Mooney has served as counsel to former SEC Chairman Arthur Levitt, and co-chaired a working group of securities regulators and central bankers that developed the international standards for financial market infrastructures.  He has also received several SEC awards, and has been a presenter at SEC Speaks, the SEC's International Institute, and various securities industry conferences and events.  Jeffrey Mooney received a JD from Georgetown University Law Center and BA in Economics from Fisk University.


Jessica Kane is the Director of the Securities and Exchange Commission’s Office of Credit Ratings.

OCR is charged with administering the Commission’s rules with respect to the practices of nationally recognized statistical rating organizations (NRSROs) in determining credit ratings for the protection of users of credit ratings and in the public interest; promoting accuracy in credit ratings issued by NRSROs; and working to ensure that credit ratings are not unduly influenced by conflicts of interest and that NRSROs provide greater transparency and disclosure to investors.

Before joining OCR, Ms. Kane was the Director of the Office of Municipal Securities and played a leading role in the implementation and operation of the municipal advisor registration regime.

She first joined the SEC in 2007 in the Division of Corporation Finance where she worked on corporate securities disclosure matters until 2012. She worked in the agency’s Office of Legislative and Intergovernmental Affairs from 2012 to 2013.

Ms. Kane holds a bachelor’s degree from Georgetown University and received her law degree from George Mason University School of Law.


John C. Roeser is an Associate Director in the Division of Trading and Markets. In this position, he is responsible for the administration of the Division’s regulatory oversight responsibilities of U.S. securities exchanges and FINRA, alternative trading systems, and addresses issues involving market participants, products, and market structure.  Mr. Roeser joined the staff in 1998.  During his tenure, Mr. Roeser has received numerous SEC awards, including the SEC’s Jay Manning Award in 2008, which is given annually to an employee in the Division of Trading and Markets who demonstrates an outstanding commitment to excellence in preserving fair and honest markets. Mr. Roeser holds a bachelor’s degree from Michigan State University and graduated cum laude from Michigan State University College of Law. He received a master of laws in securities and financial regulation from Georgetown University Law Center.


John Polise is the Associate Director in the Office of Compliance Inspections and Examinations new Broker-Dealer/ Exchange Group (BDX).  He heads the National Examination Program for registered broker-dealers and exchanges.  Previously he lead the Market Oversight Group where he supervised  the inspection of all domestic equity and options exchanges, the operation of FINRA, the MSRB and SIPIC.    Mr. Polise has served as an Assistant Director in the SEC’s Division of Enforcement, the Division of Trading and Markets, and the Office of Compliance Inspections and Examinations.  Mr. Polise was Counsel to the Chairman of the SEC, Counsel to the Chairman of the CFTC, Counsel to the Director, Division of Enforcement at the CFTC and Counsel to the Director for Markets at the SEC’s Division of Enforcement.   He has held positions at FINRA in both Enforcement and Member Regulation.  He began his career as an Associate at Cahill Gordon & Reindel in New York and clerked for the Honorable Stanley Sporkin, US District Court for the District of Columbia.  He graduated from the University of Pennsylvania, magna cum laude in 1985 and is a 1988 graduate of New York University School of Law.   He has been an adjunct professor at Georgetown University School of Law and is currently an adjunct professor, teaching securities regulation at George Mason School of Law.


Jonathan A. Ingram currently serves as the Chief Legal Advisor for FinHub in the Division or Corporation Finance of the U.S. Securities and Exchange Commission.  From 2004 to 2018, he served as the Deputy Chief Counsel of the Division.  Prior to joining the Commission in 1998, Mr. Ingram clerked for the Honorable Donald S. Russell on the United States Court of Appeals for the Fourth Circuit.  He received his J.D. summa cum laude from The American University, Washington College of Law, where he was an editor of the American University Law Review.  He earned his B.A. from Washington & Lee University.


Kelly L. Gibson is the Associate Regional Director for Enforcement in the SEC’s Philadelphia office, where she leads the enforcement program.  Ms. Gibson began working at the SEC in 2008 as a staff attorney and became Assistant Regional Director in 2013.  She served as a member of the Division of Enforcement’s Market Abuse Unit from its inception in 2010 through 2017.  Ms. Gibson has investigated and supervised a number of significant investigations involving international cyber, trading, and market manipulation schemes; serial insider trading; broker-dealer and investment adviser regulation; offering frauds; and other securities law violations.  Prior to joining the SEC, Ms. Gibson was a litigator with a law firm in Philadelphia.  She is a graduate of Villanova University School of Law. 


Kristin Snyder is the Co-Deputy Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE) as well as Co-National Associate Director of OCIE’s Investment Adviser/Investment Company Examination Program.  Ms. Snyder also serves as the Associate Regional Director for Examinations in the SEC’s San Francisco Regional Office, where she leads the examinations program.  Ms. Snyder has worked at the SEC for more than fifteen years, and previously served as a Branch Chief and a Senior Counsel in the San Francisco office’s enforcement program.  Prior to joining the SEC staff, Ms. Snyder practiced with Sidley Austin Brown & Wood LLP in San Francisco.   She earned her law degree from the University of California Hastings College of the Law, and received her bachelor’s degree from the University of California at Davis.


Kyle Moffatt is Chief Accountant for the SEC’s Division of Corporation Finance.  He previously served as an Associate Director responsible for oversight of the filing review program for public companies in the healthcare, insurance and financial services industries.  Prior to joining the Division’s senior executive leadership team, Mr. Moffatt was an Associate Chief Accountant in the Division’s Office of the Chief Accountant where he provided accounting and reporting guidance to the financial services and telecommunications industry groups.  He also previously served as an Accounting Branch Chief since joining the Division as a Professional Accounting Fellow in 2000. 

Prior to joining the SEC, Mr. Moffatt was a Manager in the Assurance and Advisory Business Services group at Ernst & Young.  He is a graduate of the University of Maryland at College Park and a member of the American Institute of CPAs.


LeeAnn Ghazil Gaunt was named Chief of the Enforcement Division’s Public Finance Abuse Unit in November 2013.  As Chief of the Unit, Ms. Gaunt oversees enforcement attorneys and industry specialists in eight Commission offices. The Unit investigates potential violations of the federal securities laws in the area of public finance, including municipal securities and public pension funds. 

Ms. Gaunt joined the Commission in 2000 and previously served as a branch chief and an assistant director with the Boston Regional Office, where she investigated and supervised matters in various areas, including pay-to-play, offering fraud, investment adviser fraud, insider trading and financial fraud. 

Prior to joining the Commission, Ms. Gaunt was a litigation associate at Skadden, Arps, Slate, Meagher & Flom LLP and Goodwin Procter LLP. 

Ms. Gaunt received a bachelor’s degree from Fairfield University and a law degree from Northeastern University School of Law.                

 


Marc P. Berger is the Deputy Director of the SEC’s Division of Enforcement.  Previously, he served as Regional Director of the New York Office following his appointment in December 2017.

Before joining the SEC, Mr. Berger was a litigation partner at the law firm of Ropes & Gray LLP, and the Global Co-Head of that firm’s Securities and Enforcement Practice. 

From 2002 to 2014, Mr. Berger served as an Assistant U.S. Attorney in the Southern District of New York, including serving as Chief of that office’s Securities and Commodities Fraud Task Force.  In that role, he supervised the investigation and prosecution of some of the nation’s highest profile financial and investment fraud cases, including the largest crackdown on hedge fund insider trading in U.S. history.  As a prosecutor, Mr. Berger also personally investigated and tried a wide variety of cases, including those involving securities and commodities fraud.

Mr. Berger received his bachelor’s degree with distinction from Cornell University in 1996 and earned his law degree from the University of Virginia School of Law in 1999.  Before joining the U.S. Attorney’s Office in Manhattan, he served as a law clerk for the Honorable Richard M. Berman of the U.S. District Court for the Southern District of New York.


Mark Wolfe is the Associate Director for the Office of Derivatives Policy and Trading Practices in the SEC’s Division of Trading and Markets.  In that capacity, he oversees the Office of Derivatives Policy, which is responsible for the implementation of the derivatives provisions of the Dodd-Frank Act.  He also oversees the Office of Trading Practices which is responsible for administering a broad variety of financial regulation, including Regulation M, Regulation SHO, as well as rules governing the publication of quotations in the over-the-counter market, issuer repurchases, research analysts, and other SEC rules concerning market integrity.  

Mark first joined the SEC staff in November 1999 as an attorney in the Office of Compliance Inspections and Examinations’ Market Oversight Group.  From April 2003 to September 2006, he was a Senior Counsel in the Division of Enforcement and investigated cases involving broker-dealer misconduct, financial fraud, insider trading, and market manipulation.  After leaving the SEC in 2006, Mark worked in legal and compliance functions at broker-dealers and investment banks including, most recently, as Executive Director of Equities Compliance at J.P. Morgan Securities LLC.  

Mark has a B.A. from James Madison University, a M.A. from the University of Maine, and a J.D. from the University of Baltimore School of Law. At the beginning of his career, Mark was an Assistant State’s Attorney in Baltimore County, Maryland.

 


Matt Jacques is the Chief Accountant of the SEC’s Division of Enforcement having returned to the agency in October 2018.  He had previously served as a senior forensic accountant in the SEC’s Boston Regional Office from 2007 to 2013.  He has over two decades of experience as a public accountant, regulator, expert witness and forensic accountant.  Mr. Jacques has led teams conducting complex forensic investigations in high-profile accounting, securities, anti-corruption and other financial matters.  Prior to his time at the SEC, he worked as managing director at an international advisory firm and a forensic accountant at Big Four accounting firm, where he was engaged by counsel to provide technical accounting expertise in investigations and litigation.  He began his career in public accounting as an auditor.

Mr. Jacques is a certified public accountant, certified fraud examiner and holds an accounting degree from the University of Notre Dame.


Michael A. Conley is the Solicitor at the Securities and Exchange Commission, a position that he has held since October 2015.  In that position, Mr. Conley oversees the agency’s appellate litigation and bankruptcy group.  Between September 2011 and October 2015, he was a Deputy General Counsel and from October 2000 to September 2011, he was a member of the Appellate Group within the Commission’s Office of the General Counsel.  Mr. Conley joined the Commission’s staff from Pillsbury Madison & Sutro LLP, where he had been a partner in the firm’s Washington, DC office. 

Mr. Conley graduated in 1989 from Boston University School of Law, where he was editor-in-chief of the law review.  He clerked for Judge Abner J. Mikva of the United States Court of Appeals for the District of Columbia Circuit and for Associate Justice Harry A. Blackmun of the Supreme Court of the United States.


Michael A. Macchiaroli is an Associate Director, Office of Broker-Dealer Finances, Division of Trading and Markets, U.S. Securities and Exchange Commission, where he is responsible for the broker- dealer financial responsibility program, which deals with the capital record-keeping, reporting and customer protection Rules. Mr. Macchiaroli has been employed at the Commission since 1970 and in the Division of Trading and Markets since 1978.


Michele M. Anderson is an Associate Director in the Division of Corporation Finance at the U.S. Securities and Exchange Commission.  As a member of the Division’s senior leadership team, Ms. Anderson is responsible for oversight of the disclosure review program for public companies and the work of the division’s offices of Mergers and Acquisitions, International Corporate Finance, and Structured Finance.  She also oversees rulemaking initiatives and no-action, interpretive, and exemptive positions taken by the Division on domestic and cross-border mergers and acquisitions transactions, multinational offerings, and offerings by foreign issuers in the United States.

Ms. Anderson has been a member of the staff at the SEC since 1998.  From 2008 to 2015, she served as Chief of the Division of Corporation Finance’s Office of Mergers and Acquisitions, overseeing the regulation of domestic and cross-border M&A transactions as well as the statutory and regulatory interpretive functions of the SEC as they relate to tender offers, mergers, contested and other non-routine proxy solicitations, going private transactions, reorganizations, debt restructurings and beneficial ownership reporting.  Prior to that, she served in a variety of positions in the Division, including branch chief of the group responsible for the review of the federal securities law filings, including registration statements, periodic reports and proxy materials, made by telecommunication companies and service providers. 

In addition to her duties at the SEC, Ms. Anderson served as an Adjunct Professor of Law at the Georgetown University Law Center, where she taught the course “Takeovers, Mergers and Acquisitions.”  She received her B.A., magna cum laude, Phi Beta Kappa, from the University of Colorado at Boulder and her Juris Doctorate from the University of Colorado Law School.


Mr. Brenner has been Chief Counsel of the SEC’s Enforcement Division since January 2011. He also is Adjunct Professor at the Columbus School of Law, Catholic University of America.

Prior to joining the SEC, he was a partner at Wilmer Cutler Pickering Hale and Dorr LLP. At WilmerHale, he was Vice-Chair of the firm’s Securities Department, and his practice focused on securities enforcement, related civil and criminal litigation, and internal corporate investigations.

Mr. Brenner served as a Court Law Clerk for the U.S. Court of Appeals for the District of Columbia Circuit. He graduated from Georgetown University Law Center, and received his undergraduate degree from Cornell University.


Mr. Hertzke is an Assistant Director in the Division’s Analytics Office, which supports the Division’s regulation of the investment management industry by maintaining industry monitoring and examination programs. Prior to joining the Division, Mr. Hertzke served as an Assistant Director in the Commission’s Office of Compliance Inspections and Examinations where he spent several years developing other monitoring and examination programs. Mr. Hertzke has a B.S. in English from Utah State University, a J.D. from the University of Utah College of Law, and an LL.M. in Taxation from the New York University School of Law.


Natasha Vij Greiner been the Acting Chief Counsel in the Division of Trading and Markets at the U.S. Securities and Exchange Commission since October 2018 and an Assistant Chief Counsel in the Division’s Office of Chief Counsel since April 2016.  The Office of Chief Counsel provides ongoing legal and policy advice on matters affecting various market participants, including broker-dealers and self-regulatory organizations, and the overall operation of the securities markets.  Prior to joining the Division of Trading and Markets in 2012, Ms. Greiner worked in the SEC’s Division of Enforcement for eight years.  While in the Division of Enforcement, Ms. Greiner was the lead attorney in various enforcement matters involving complex institutional and retail trading, market manipulation, municipal bonds, accounting fraud and insider trading.  Prior to her time in the Division of Enforcement, Ms. Greiner was a lead examiner in the SEC’s Office of Compliance Inspections and Examinations where she led and conducted targeted examinations of broker-dealers on issues such as best execution, anti-money laundering, mutual fund sales, structured finance and analyst conflicts.  Ms. Greiner earned a J.D. from The Catholic University of America, Columbus School of Law, and a B.S., cum laude, from James Madison University. 


Pamela A. Gibbs serves as the Chief Diversity Officer for the U.S. Securities and Exchange Commission (SEC).  As head of the agency’s Office of Minority and Women Inclusion, Ms. Gibbs provides strategic and operational leadership to ensure the SEC’s diversity and inclusion strategy advances the goals of the agency’s core mission—protecting investors.  Under the direction of Ms. Gibbs, the SEC has developed strategic partnerships and alliances with diverse educational institutions, professional organizations, and community-based organizations, increased the utilization of minority-owned and women-owned businesses in the agency’s supply chain, and developed diversity standards for the more than 25,000 entities regulated by the SEC.  In addition, the SEC has initiated an enhanced national outreach program to attract a diverse talent pool for current and future employment opportunities.

Prior to joining the SEC, Ms. Gibbs served as the Director for the Office of Diversity and Inclusion at the U.S. Commodity Futures Trading Commission.  Ms. Gibbs began her career at the U.S. Department of Labor, Office of the Solicitor, as a trial attorney in the Civil Rights Division, enforcing employment opportunity laws administered by the Office of Federal Contract Compliance Programs.  Later she represented the agency on internal employment discrimination and labor relations matters primarily before the US Equal Employment Opportunity Commission, the Merit System Protections Board, and the Federal Labor Relations Authority.  Ms. Gibbs is a graduate of the University of Virginia and the Georgetown University Law Center.


Paul G. Cellupica has been Deputy Director of the Division of Investment Management at the U.S. Securities and Exchange Commission (“SEC”) since November 2017.  From 2014 to 2017 he was Managing Director and General Counsel for Securities Law at Teachers Insurance and Annuity Association of America (“TIAA”), where his responsibilities included legal support for the TIAA-CREF fund complex.  From 2004 through 2014 he worked in the Law Department of MetLife, Inc. in various senior roles, including as Chief Counsel for the Americas, where he had responsibility for legal support of MetLife’s insurance and financial services businesses in the U.S. and Latin America.

Between 1996 and 2004, Mr. Cellupica served at the SEC in a number of capacities in the Division of Investment Management and the Division of Enforcement.  From 2001 to 2004, he was Assistant Director in the Division of Investment Management, where he oversaw rulemaking initiatives related to disclosure provided by mutual funds and variable insurance products.  He received the SEC’s Martha Platt Award in 2002 in recognition of his exceptional dedication, professional excellence, and personal integrity, and was a joint recipient of the SEC’s Law and Policy Award in 2003.  Before joining the SEC, Mr. Cellupica practiced at the law firm of Caplin & Drysdale in Washington, D.C., where his practice focused on securities and commercial litigation.

Mr. Cellupica has a B.A. magna cum laude from Harvard College and a J.D. cum laude from Harvard Law School, and was a law clerk for Judge David Nelson of the U.S. Court of Appeals for the Sixth Circuit.  He is admitted to practice in New York and the District of Columbia.


Peter Driscoll was named Director of the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) in October 2017, after serving as Acting Director since January 2017.

Before that, he served as OCIE’s first Chief Risk and Strategy Officer since March 2016, and was previously OCIE’s Managing Executive from 2013 through February 2016.

He joined the Agency in 2001 as a staff attorney in the Division of Enforcement in the Chicago Regional Office and was later a Branch Chief and Assistant Regional Director in OCIE’s Investment Adviser and Investment Company examination program.

Prior to the Agency, Mr. Driscoll began his career with Ernst & Young LLP and held several accounting positions in private industry. He received his B.S. in Accounting and law degree from St. Louis University. He is licensed as a certified public accountant and is a member of the Missouri Bar Association.


Richard R. Best was named Regional Director of the U.S. Securities and Exchange Commission’s New York Regional Office in September 2020.  He was previously the Regional Director of the Salt Lake Regional Office, serving from July 2015 to February 2018, and Regional Director of the Atlanta Regional Office, serving from February 2018 to September 2020.

Before coming to the Commission, Mr. Best was a Chief Counsel in the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA).  Mr. Best was also a Director, Senior Trial Attorney and Trial Attorney at FINRA.

Mr. Best previously worked as an Assistant District Attorney in the Office of the Bronx County District Attorney.  He was a supervisor in the Office’s Rackets Bureau where he managed high-profile public integrity and organized crime prosecutions, among other matters.   

Mr. Best received his bachelor’s degree from the State University of New York, College at Old Westbury, and a law degree from the Howard University School of Law.


Rick Fleming was appointed in February, 2014, to be the first director of the Office of the Investor Advocate at the U.S. Securities and Exchange Commission. As the Investor Advocate, Mr. Fleming has built an office charged with the responsibility for assisting retail investors in their interactions with the Commission and self-regulatory organizations (SROs), analyzing the impact on investors of proposed rules and regulations, identifying problems that investors have with financial service providers and investment products, and proposing legislative or regulatory changes to promote the interests of investors.

Prior to joining the Commission, Mr. Fleming spent fifteen years as a state securities regulator, including more than a decade as General Counsel for the Office of the Kansas Securities Commissioner. He represented the state in a broad range of disciplinary proceedings against broker-dealers and investment advisers, prosecuted criminal cases involving securities fraud, and drafted legislation and regulations to protect investors. He moved to Washington, D.C. in 2011 – along with his wife and six children – to become the Deputy General Counsel for the North American Securities Administrators Association (NASAA), where he provided assistance to state securities regulators.

Mr. Fleming was raised in LeRoy, Kansas, graduated summa cum laude from Washburn University with a dual major in finance and economics, and holds a law degree from Wake Forest University. His published works include “100 Years of Securities Law: Examining a Foundation Laid in the Kansas Blue Sky,” 50 Washburn L.J. 583 (2011), in which he traces the origin of the term “blue sky law.”


Robert B. Stebbins was named General Counsel of the Securities and Exchange Commission in May 2017.  Prior to joining the Commission, Mr. Stebbins practiced law at Willkie Farr & Gallagher LLP since 1993, first as an associate and beginning in 2001 as a partner.  At Willkie, Mr. Stebbins focused on mergers and acquisitions, private equity and venture capital, investment funds, and capital markets transactions. He also advised clients on SEC compliance issues and corporate governance matters.

Mr. Stebbins earned a J.D. from the University of Pennsylvania and a B.S. from Central Michigan University, where he was an Academic All-American football player.


Robert J. Jackson, Jr. is Professor of Law, Co-Director of the Institute for Corporate Governance and Finance, and Director of the Program on Corporate Law and Policy at the New York University School of Law. Among other premier publications, his work has been featured in the Journal of Finance, the Journal of Law and Economics, and the Harvard Law Review.

He was nominated and unanimously confirmed by the Senate to be Commissioner of the U.S. Securities and Exchange Commission in 2017 and served in that role until February 2020. Commissioner Jackson was an outspoken advocate for protecting investors, consistently calling for more transparency in capital markets and championing evidence-driven policymaking. Jackson challenged Silicon Valley insiders on dual-class stock that enables intergenerational transfers of control of America’s largest public companies and called competition economics the “forgotten fourth pillar” of the SEC’s mission. Jackson’s Office helped lead the SEC’s unanimous adoption of a pilot to study effects of stock-exchange payments on market dynamics.

Jackson’s research has consistently produced bipartisan legislation to address the gaps created by application of securities law to modern markets. His paper identifying significant insider trading before the announcement of significant corporate developments led to legislation to outlaw that trading. Another study identifying how SEC systems gave high-speed traders an advantage over ordinary investors led to bipartisan demands for a level playing field. And Jackson’s calls for an insider-trading law for the 21st century produced a bipartisan bill to close gaps in existing law.

Prior to his nomination to the Commission, Professor Jackson taught at Columbia Law School, where students honored him with the Reese Prize for Excellence in Teaching. Before that, he served as a senior policy advisor at the U.S. Treasury Department during the financial crisis and as deputy to Kenneth Feinberg, Treasury’s Special Master on Executive Compensation. Earlier in his career, Professor Jackson practiced law at Wachtell, Lipton, Rosen & Katz and was an investment banker at Bear, Stearns. Jackson holds two undergraduate degrees (one in finance, another in philosophy) from the University of Pennsylvania, an MBA in Finance from the Wharton School of Business, a Master of Public Policy from Harvard’s Kennedy School, and a law degree from the Harvard Law School. He was born in the Bronx, is a lifelong fan of the New York Yankees, and lives in New York with his wife, Bryana.


Roberta S. Karmel is Centennial Professor of Law and Co-Director of the Dennis J. Block Center for the Study of International Business Law at Brooklyn Law School. She was engaged in the private practice of law in New York City for over thirty years. She was a Commissioner of the Securities and Exchange Commission from 1977-80, a public director of the New York Stock Exchange, Inc. from 1983-89, and a member of the National Adjudicatory Council of the NASDR from 1998-2001.

Professor Karmel is a member of the CFP Board and a Trustee of the Securities and Exchange Commission Historical Society. She is Chair Emerita of the Board of Trustees of the Practising Law Institute. She is a member of the the American Bar Association, the American Law Institute, the Economic Club of New York, the Financial Women’s Association, and a Fellow of the American Bar Foundation.

Professor Karmel is the author of over 90 articles in books and legal journals and wrote a regular column on securities regulation for the New York Law Journal from 1980-2016. Her book entitled Regulation by Prosecution: The Securities and Exchange Commission vs. Corporate America was published by Simon and Schuster in 1982. Her book Life at the Center: Reflections on Fifty Years of Securities Regulation was published by PLI in 2014.


Roel Campos is a senior counsel in Hughes Hubbard & Reed LLP’s Washington, D.C. office and is Chair of the Securities Enforcement practice.  Roel’s practice consists of advising and defending corporate officers and boards of directors with respect to SEC enforcement, FCPA and internal investigations, criminal prosecutions, securities and internal regulation and corporate governance.

Beginning in 2002, Roel was appointed twice by President George W. Bush and confirmed by the U.S. Senate as a Commissioner of the Securities and Exchange Commission (SEC), and served until 2007.  Earlier in his career, he served as an Assistant U.S. Attorney in Los Angeles.  Roel has also been an entrepreneur, and, with partners, raised capital from major investors and operated a successful broadcasting company.  Roel currently serves on the corporate boards for public and private companies, and he is a recognized expert in financial regulation.

Roel received his B.S. from the U.S. Air Force Academy, his MBA from UCLA, and J.D. from Harvard Law School.


S.P. Kothari was named the Chief Economist and Director of the Division of Economic and Risk Analysis in March 2019. In this role, he oversees economists, data scientists, and other professionals who provide economic analysis and data analytics in support of the SEC’s mission. Dr. Kothari joined the SEC from the Sloan School of Management at the Massachusetts Institute of Technology, where he spent nearly two decades as a professor of accounting and finance and Deputy Dean. His highly-cited research focuses on topics in financial reporting, valuation, asset allocation, international accounting practices, executive compensation, investment performance, and derivatives.

Dr. Kothari has served as the Co-Chair of the Board of Governors of the Asia School of Business, Kuala Lumpur, faculty director of the MIT-India Program, editor of the prestigious academic publication Journal of Accounting & Economics, and as a Director of the Bombay Stock Exchange. In 2008-09, he served as global head of equity research for Barclays Global Investors, where he was responsible for research supporting the firm’s active equity strategies and for managing over $100 billion with a team of approximately 50 PhDs based around the world.  He is a recipient of honorary doctorates from the University of Technology, Sydney and University of Cyprus.


Shelly Luisi serves as Chief Risk Officer in the Division of Corporation Finance of the U.S. Securities and Exchange Commission.  The mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.  In support of this mission, the Division seeks to ensure that investors are provided with material information in order to make informed investment decisions, provides interpretive assistance to companies with respect to SEC rules and forms, and makes recommendations to the Commission regarding new rules and revisions to existing rules.  Ms. Luisi leads the Division’s Office of Risk and Strategy, which focuses on developing risk-based approaches to regulatory policies and practices.

Prior to joining the Division in 2015, Ms. Luisi served as Senior Associate Chief Accountant in the SEC’s Office of the Chief Accountant.  In that role, she was responsible for the agency’s interpretive, standard-setter oversight, and communications functions related to accounting principles applicable to SEC registrants. 

Prior to joining the agency in 2000, Ms. Luisi worked in public accounting as an auditor, as well as in industry as Corporate Controller and Vice President of Accounting and Information Systems of an SEC registrant.

Ms. Luisi earned a Bachelor of Science and a Master of Accountancy, both from Florida State University.  She is a CPA, licensed by the state of Georgia.

 


Stephanie Avakian is the Director of the U.S. Securities and Exchange Commission’s Division of Enforcement.  She served as Co-Director from June 2017 until August 2020 and as Acting Director from December 2016 to June 2017.  Before that, she served as Deputy Director beginning in June 2014.

Before being named Deputy Director, Ms. Avakian was a partner at Wilmer Cutler Pickering Hale and Dorr LLP, where she served as a vice chair of the firm’s securities practice and focused on representing financial institutions, public companies, boards, and individuals in a broad range of investigations and other matters before the SEC and other agencies.

Ms. Avakian previously worked in the Division of Enforcement as a branch chief in the SEC’s New York Regional Office, and later served as counsel to former SEC Commissioner Paul Carey.

Ms. Avakian received her bachelor’s degree from the College of New Jersey and a law degree from Temple University’s School of Law, both with high honors.


Steven Peikin was named Co-Director of the SEC’s Division of Enforcement in June 2017.

Before serving at the Commission, Mr. Peikin was Managing Partner of Sullivan & Cromwell LLP’s Criminal Defense and Investigations Group. His practice focused on white-collar criminal defense, regulatory enforcement, and internal investigations.

From 1996 to 2004, Mr. Peikin served as an Assistant U.S. Attorney in the Southern District of New York. He was Chief of the Office’s Securities and Commodities Fraud Task Force, where he supervised some of the nation’s highest profile prosecutions of accounting fraud, insider trading, market manipulation, and abuses in the foreign exchange market. As a prosecutor, Mr. Peikin also personally investigated and tried a wide variety of cases involving securities and commodities fraud, as well as other crimes.

Mr. Peikin received his bachelor’s degree from Yale University and a law degree from Harvard Law School, both magna cum laude. Following law school, he served as a law clerk to the Honorable J. Edward Lumbard, United States Circuit Judge, Second Circuit, and the Honorable Robert P. Patterson, Jr., United States District Judge, Southern District of New York.

Mr. Peikin is Adjunct Professor of Law at NYU Law School and a Visiting Scholar at Harvard Business School. He is President of the Board of Directors of the Center For Hearing and Communication, a non-profit health and human services agency that serves the deaf and hard of hearing.


Steven Wallman is founder and CEO of Folio Financial, Inc. (formerly known as FOLIOfn, Inc.) which, directly and through subsidiaries, offers various financial technology and related services including Folio Investing, Folio Institutional, VIAFolio, First Affirmative Financial Network, and The SRI Conference.

The Folio family delivers innovative tools and technology that benefit investors and those who serve them. Folio Investing is an online brokerage using its patented technology to help individuals invest in a more diversified, customized, and cost-efficient manner, and to benefit from one-of-a-kind tax management tools. Folio Institutional provides fully-integrated trading, custody, clearing, performance reporting, paperless account opening, state of the art digital engagement and robo/hybrid-advisor solutions along with a complete set of APIs and private label capabilities to investment advisors, banks, credit unions, insurance companies and other enterprise clients.

VIA Folio is a dynamic platform for capital raising by small to medium sized enterprises, and for those interested in investing in private securities and alternative investments, including non-traded REITs, Reg A+ offerings and others, all with transparency and ease.

First Affirmative offers investment advisory, portfolio management, and consulting services to investors seeking sustainable, responsible and impact investments, while The SRI Conference, now in its 31st year, is the premier event for advisors and others interested in SRI investing.

Before founding Folio Financial, Mr. Wallman was an SEC Commissioner from 1994 to 1997, appointed by President Bill Clinton. During Mr. Wallman’s tenure, he was a vocal advocate for individual investors and is now a recognized authority on securities markets, trading, and the application of technology to financial services. He frequently speaks at industry events and recently served on the SEC’s Investor Advisory Committee, where he chaired its Market Structure Subcommittee and currently serves on FINRA’s Fintech Advisory Committee.

Previously, Mr. Wallman was a partner at the law firm of Covington & Burling. He earned his Juris Doctor from Columbia University, and holds two degrees from the Massachusetts Institute of Technology.


Tamara M. Brightwell serves as Deputy Director of the Disclosure Review Program in the Division of Corporation Finance at the U.S. Securities and Exchange Commission.    Ms. Brightwell oversees the Division’s work to review transactional filings and periodic and current reports in its effort to further the Commission’s mission to promote capital formation, maintain efficient markets, and protect investors.  Ms. Brightwell served previously as Deputy Chief Counsel in the Division’s Office of Chief Counsel, where she was responsible for leading staff in providing interpretive guidance on the application of the federal securities laws.  She also has served as Senior Advisor to SEC Chair Mary Jo White, acting as principal advisor on all matters involving the work of the Division of Corporation Finance and the Commission’s Office of the Chief Accountant.  Ms. Brightwell also has held a variety of positions in the Division of Corporation Finance, including Senior Advisor and Senior Special Counsel to the Director, Special Counsel in the Office of Chief Counsel, and attorney in the Disclosure Review Program. 

Ms. Brightwell received a B.S. in financial management, cum laude, from Clemson University, and a J.D. from the University of Notre Dame Law School.


Tracey Hardin is an Assistant General Counsel in the Office of the General Counsel at the Securities and Exchange Commission.  Tracey has served as a member of the Office’s Appellate Group since June 2005.  She joined the Commission’s staff from the Department of Justice, where she had been a trial lawyer in the Civil Division in Washington, DC.     

Tracey graduated from Vanderbilt University School of Law in 1998, where she was an editor of the Vanderbilt Law Review.  After graduating, she clerked for Judge J. Owen Forrester of the District Court for the Northern District of Georgia and Judge Frank M. Hull of the United States Court of Appeals for the Eleventh Circuit. 


Troy A. Paredes is the founder of Paredes Strategies LLC.  From 2008 -2013, Paredes was an SEC Commissioner, appointed by President George W. Bush.

Paredes advises on financial regulation, compliance, risk management, corporate governance, and regulatory strategy.  He also serves as an expert and advisor in regulatory enforcement investigations and in private litigation involving securities law and corporate law.  Paredes has brought his extensive government, compliance, enforcement, and regulatory experience to bear in serving as an independent compliance consultant/corporate monitor.

Paredes was a professor of law at Washington University in St. Louis before joining the SEC. 

Paredes co-hosts a podcast on fintech called “Appetite for Disruption.”

Paredes has served on the board of advisors and as a member of the board of directors at several companies.

Paredes holds a bachelor’s degree in economics from UC Berkeley and earned his J.D. from Yale Law School.


Andrea is a Branch Chief in the Chief Counsel’s Office of the SEC’s Division of Investment Management.  Andrea’s work focuses on exemptive applications, no-action letters and counseling other divisions and offices at the SEC on investment management issues.  Andrea joined the SEC in 2011 and, in addition to the Division’s Chief Counsel’s Office, has worked in the Division’s Rulemaking and Disclosure and Accounting Offices.  

Andrea received a Bachelor of Arts degree from the University of Dayton (cum laude), and a Juris Doctor degree from the Catholic University of America School of Law (magna cum laude).  Prior to joining the SEC, Andrea worked at K&L Gates LLP.


Bridget Fitzpatrick was named the Enforcement Division’s Chief Litigation Counsel in September 2017 after serving as Co Acting Chief Litigation Counsel since November 2016.  She was previously a Supervisory Trial Counsel and an Assistant Chief Litigation Counsel in the Division of Enforcement.  Ms. Fitzpatrick was awarded the Chairman’s Award for Excellence and George Washington University’s Arthur S. Flemming Award for Legal Achievement for her trial work at the Commission. 

Before serving at the Commission, Ms. Fitzpatrick was an Assistant U.S. Attorney in Washington, D.C., where she worked in the domestic violence, appellate, and fraud and public corruption sections of the office.  As a prosecutor, Ms. Fitzpatrick personally tried more than thirty cases to verdict. 

Ms. Fitzpatrick received a bachelor’s degree from Cornell University and law degree from Georgetown University Law Center, both with honors.


Dan is the Associate Director over OCIE’s Office of Clearance and Settlement Examinations and has led that group since 2016.  That group examines the financial and operational risks and controls of clearing agencies critical to the nation’s markets for compliance with the Dodd-Frank Act and federal securities laws applicable to clearing agencies.  Dan is also the Associate Regional Director in charge of the Broker-Dealer Examination (BD Exam) Program in the Chicago Regional Office (CHRO) of the SEC and has led that group since 2014.  He joined the CHRO BD Exam Program as an Assistant Regional Director in 2007, where he led some of the CHRO’s and Commissions’ largest and most complex fraud, sales practice and market structure exams of regulated entities.  Prior to that, Dan spent 14 years with the SEC as an attorney in the CHRO’s Enforcement Group.  There, he served as an Assistant Regional Director of Enforcement directing notable investigations and prosecutions of complex fraud and regulatory matters.

Dan is a member of OCIE’s Executive and Operating Committees.  He has also co-chaired and subsequently sponsored the OCIE’s New and Structured Products Specialized Working Group, where he directed and then supported that group’s efforts to identify such products, educate the exam staff as to the issues associated with them, inform policy and undertake National Exam Initiatives. Dan has also represented the Commission internationally, providing technical assistance and training to securities regulators from developing markets regarding the foundations of effective compliance systems and examination programs.   

Prior to joining the Commission, Dan spent seven years in the litigation departments of private law firms in Chicago handling matters involving personal injury and commercial disputes, including commercial fraud claims.  Dan received his Bachelor of Science in Business Administration and his Juris Doctor from the University of Illinois in 1983 and 1986 respectively.


David oversees the work of the Division’s Office of Chief Counsel. The office provides guidance to public companies on registration, reporting and other compliance matters.  The office also annually responds to hundreds of requests to exclude shareholder proposals.

Previously, David was Assistant General Counsel in the SEC’s Office of General Counsel.  There, he advised the Division and the Commission on a number of rulemakings, including implementation of the Sarbanes-Oxley Act, the Dodd-Frank Act, and the JOBS Act. 

Before joining the Office of General Counsel in 1997, David spent three years as an enforcement attorney in the SEC’s San Francisco Regional Office.  Prior to that, he spent eight years in private law practice. 

David received his bachelor’s degree from the University of California at Berkeley in 1982 and his law degree from Georgetown University in 1986.


Eugene is an Assistant Director in DERA’s Office of Litigation Economics. He provides financial, economic, and statistical analyses to assist the Commission in its enforcement investigations, including disclosure issues, insider trading, market manipulation, and favorable trade allocations. An econometrician by training, Eugene is especially interested in the application of statistical techniques to enforcement matters.

Eugene received a Ph.D. in Economics from Northwestern University, and a Master’s degree in Quantitative Economics from Maastricht University, the Netherlands. Prior to joining the SEC in 2010, Eugene worked in private sector consulting firms, and taught at the New School for Social Research in New York.


Hans is the Branch Chief for Market Data and Research within the Office of Markets in the Division of Economic and Risk Analysis at the Securities and Exchange Commission. He supervises a team of economists and statisticians who conduct data analysis in support of rule-making and to inform policy decisions, ingest and check the quality if data submitted by exchanges and other SROs, e.g., for pilots, and conduct original research. Hans is also involved and an expert in pilot design and matters related to SRO rules.

Hans received the equivalent of a Bachelor of Science and a Master’s of Science in Industrial Engineering from the University of Karlsruhe, Germany. He earned an MBA from the Owen Graduate School of Management at Vanderbilt University. Hans holds a Master of Science in Economics and a Ph.D. in Finance from Vanderbilt University. Prior to joining the Securities and Exchange Commission in 2012, Hans was a faculty member of the Department of Finance and the Mendoza College of Business at The University of Notre Dame, worked as a Vice President in the Financial Engineering Department at ITG, Inc. in Boston, MA, and was a Director of Transaction Cost Consulting at Pipeline Trading in New York, NY.

Hans is an expert in market microstructure, financial markets in general, and transaction cost analysis (TCA) and he has published in the Journal of Quantitative Analysis and the Journal of Trading.


Jennifer Zepralka is the Chief of the Office of Small Business Policy in the U.S. Securities and Exchange Commission’s Division of Corporation Finance.  The office assists companies seeking to raise capital through exempt or smaller registered offerings, and participates in and reviews SEC rulemaking and other actions that may affect small businesses. 

Before joining the Office of Small Business Policy in 2018, Ms. Zepralka was a partner in the Transactional and Securities Departments at Wilmer Cutler Pickering Hale and Dorr LLP, where she focused on federal securities law compliance, disclosure and corporate governance issues.  Ms. Zepralka previously worked in the Division of Corporation Finance as Senior Special Counsel to the Director of the Division of Corporation Finance from 2009 to 2013.  Prior to first joining the SEC staff, she was an associate and counsel at WilmerHale in New York and Washington, DC and an associate at Allen & Overy in London.

Ms. Zepralka received her law degree from the University of Pennsylvania Law School and B.A. from Dartmouth College.


Laura serves on the Nomura Global Financial Products and Nomura Securities International Boards, as well as an independent director of three public company boards : CA Technologies Inc., CIT Group, and Navient Corporation.

Laura was a Special Advisor at Promontory Financial Group for four years and before that JP Morgan’s Independent Consultant for the Global Analyst Conflict Settlement for six years.Laura’s fourteen year government tenure included serving as the 78th member of the Securities and Exchange Commission (including six months as Acting Chairman), Securities Counsel to the United States Senate Banking Committee and as an attorney with the SEC’s Enforcement Division in Washington, D.C. and New York City.


Lisa is Counsel to the General Counsel in the Office of the General Counsel at the Securities and Exchange Commission.  Lisa previously served as a member of the Office’s Appellate Group from 2013 through 2017.  She joined the Commission’s staff in January 2013 from Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP.

Lisa graduated from Yale University in 2000 and the University of Virginia School of Law in 2007, where she was an Essays Editor for the Virginia Law Review.  After law school, she served as a law clerk to the Honorable Diana Gribbon Motz of the United States Court of Appeals for the Fourth Circuit.


Martha was named as the U.S. Securities and Exchange Commission’s first director of the Office of the Advocate for Small Business Capital Formation in December 2018, leading the new office created by the SEC Small Business Advocate Act of 2016.  As the Advocate for Small Business, Martha oversees the Office dedicated to advancing the interests of small businesses and their investors at the SEC and in the capital markets.  The Office is responsible for advocating for small businesses and their investors by conducting outreach to solicit views on relevant capital formation issues, providing assistance to resolve significant problems, analyzing the potential small business impact of proposed regulations and rules, and recommending changes to mitigate capital formation issues and promote the interests of small businesses and their investors.

Prior to joining the SEC, Martha was a partner at the law firm Balch & Bingham LLP in Birmingham, Alabama, where she represented companies and investors across a spectrum of corporate transactions.

Martha holds bachelor’s degrees in Cognitive Neuroscience and Communications Studies from Vanderbilt University and a juris doctor degree from Georgetown University Law Center.


Mattias is a Financial Economist in the Office of Corporate Finance in the Division of Economic and Risk Analysis at the Securities and Exchange Commission. He conducts economic analysis and research in support of the Commission’s rulemaking and policy development.

Mattias received a Ph.D. in Finance and a Master of Science in Economics and Business from Stockholm School of Economics in Sweden. Prior to joining the Securities and Exchange Commission in 2015, Mattias was a faculty member of the Department of Finance at the Leeds School of Business at the University of Colorado at Boulder, and prior to that an Assistant Professor of Finance at the Worcester Polytechnic Institute in MA.

Mattias is an expert in securities issuance, capital structure, corporate ownership and governance, and international financial market integration, and has published .his research in academic finance journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Quantitative Analysis, the Review of Financial Studies, and the Review of Finance.


Michael is a senior special counsel in the Division of Investment Management and focuses on fund disclosure and insurance product issues.

Michael joined the Division in 2005 as a staff attorney in the Office of Insurance Products.  He was promoted to branch chief in the Disclosure Review Office in 2011.  Over the years, Michael has worked on a wide range of disclosure filings, exemptive applications, no-action requests, and rulemakings.  He also currently leads the Division’s Investor Experience initiative.

Michael has a BS from the State University of New York at Albany and a JD and an MBA in finance from the State University of New York at Buffalo.


Patrick Gilmore is a Deputy Chief Accountant in the Division of Corporation Finance’s Office of Chief Accountant.  Prior to this role, Mr. Gilmore was an Associate Chief Accountant in the Division of Corporation Finance’s Office of Chief Accountant and an Accounting Branch Chief in the Information Technologies and Services industry group in the Division of Corporation Finance.  Prior to joining the Securities and Exchange Commission staff in 2004, Mr. Gilmore was an audit manager at PricewaterhouseCoopers LLP where he primarily served clients in the software and telecommunications industry.  Mr. Gilmore is a graduate of Towson University.

 


Robert Cohen is a partner in the Washington, DC office of Davis Polk & Wardwell. He is a member of the firm’s White Collar Criminal Defense and Government Investigations Group.

Mr. Cohen held senior positions in the Enforcement Division of the Securities and Exchange Commission during a 15-year tenure.  He served as the first Chief of the SEC’s Cyber Unit, and previously was Co-Chief of the Market Abuse Unit.  Mr. Cohen supervised a wide variety of high-profile cases, including investigations of complex insider trading; market structure violations by broker-dealers, trading platforms, and national securities exchanges; financial fraud and disclosure violations by public companies; investment adviser compliance and trading violations; cybersecurity controls; and cryptocurrency, initial coin offerings, and other digital assets.

Mr. Cohen is admitted to practice in New York and Maryland, and is practicing in Washington, DC under the supervision of partners of the firm.


Tom has worked in the SEC’s Office of the General Counsel since 1998, and has been an Assistant General Counsel since 2006.    He helped draft the Part 205 attorney conduct rules, and is involved in investigating possible attorney misconduct and bringing administrative proceedings against attorneys pursuant to SEC Rule of Practice 102(e).   Tom was also involved in drafting the anti-retaliation and other provisions of the Commission’s rules implementing its Dodd-Frank whistleblower program, and has worked on amicus briefs on whistleblower issues, including the United States’ brief in Lawson v. FMR, 571 U.S. 429 (2014), and Digital Realty Trust v. Somers, 138 S.Ct. 767 (2019).

He is a graduate of Harvard University and of the University of Virginia School of Law. 


Wesley “Wes” Bricker is a Vice Chair and PwC’s Assurance Leader for the US and Mexico. In this capacity, Wes’ responsibilities encompass audit quality, business development and portfolio strategy, human capital, diversity, innovation, and technology.

Prior to joining PwC US, Wes served as the Securities and Exchange Commission’s Chief Accountant beginning in 2016, after serving as the deputy chief accountant following a role as a professional accounting fellow. In his role as the SEC’s Chief Accountant, Wes was the principal advisor to the Commission on accounting and auditing matters, and led the Commission’s Office of the Chief Accountant, a group of professionals widely regarded for advancing the quality of accountancy and financial reporting oversight in the capital markets in the US and internationally. He was also responsible for assisting the Commission with discharging its oversight of the Financial Accounting Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB), and also served as chair for the Monitoring Group, a group of regulatory and international financial organizations committed to advancing the public interest in international audit standard setting and audit quality.

Wes returns to PwC where he previously served clients in the banking, capital markets, financial technology, and investment management sectors, and also served as a member of the firm's National Quality Organization.

Wes received a BS in accounting from Elizabethtown College and a JD from American University. He is licensed as a certified public accountant and is a member of the New York State Bar Association.


Shelley E. Parratt is Deputy Director of the SEC’s Division of Corporation Finance.  In this capacity, Ms. Parratt oversees the Division’s disclosure review program, which is responsible for assisting over 7,000 reporting companies in meeting their disclosure obligations under the federal securities laws.  Ms. Parratt also assists the Director in strategic planning for the Division and in developing Division policy and operational procedures.

Ms. Parratt served as Acting Director of the Division during the first half of 2017 and the first half of 2009, overseeing all disclosure review, rulemaking and other Division operations.  She received a MBA from Syracuse University and a BA from St. Lawrence University.


Ted Yu is the Chief of the Office of Mergers and Acquisitions in the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC).  Previously, he was the Senior Advisor to SEC Chair Mary Jo White, Senior Special Counsel to the Director of the Division of Corporation Finance, and Senior Special Counsel in the Division’s Office of Chief Counsel.  In addition, Mr. Yu was in private practice in New York and Washington, D.C.  He received his law degree from The George Washington University Law School and his B.A. in history from Cornell University.


William H. Hinman is Director of the SEC’s Division of Corporation Finance.  The Division seeks to ensure that investors are provided with material information in order to make informed investment decisions, provides interpretive assistance to companies with respect to SEC rules, and makes recommendations to the Commission regarding new and existing rules.

Before serving at the Commission, Mr. Hinman was a partner in the Silicon Valley office of Simpson Thacher & Bartlett LLP, where he practiced in the corporate finance group.  He has advised issuers and underwriters in capital raising transactions and corporate acquisitions in a wide range of industries, including technology, e-commerce, and the life-sciences.

Prior to joining Simpson Thacher in 2000, Mr. Hinman was the managing partner of Shearman & Sterling’s San Francisco and Menlo Park offices.  He received his B.A. from Michigan State University with honors in 1977 and his J.D. in 1980 from Cornell University Law School, where he was a member of the Editorial Board of the Cornell Law Review.  He is a member of the Bar Association of the State of California and the Association of the Bar of the City of New York.  Mr. Hinman also is a fellow of the American Bar Foundation.


Charles E. Cain is the Chief of the Foreign Corrupt Practices Act Unit within the Securities and Exchange Commission’s Division of Enforcement. He has been in the SEC’s FCPA Unit since its formation in 2010 and with the Division of Enforcement for nineteen years. As the Chief, his roles include oversight of the National FPCA program, coordination with domestic and foreign law enforcement, and supervision of individual investigations. During his tenure with the SEC, he has also been responsible for numerous significant cases in other areas including financial fraud, insider trading, offering fraud, market manipulation, disclosure fraud, and broker dealer practices. Mr. Cain is a graduate of The George Washington University Law School.


Daniel Michael is the Chief of the Complex Financial Instruments Unit of the SEC’s Enforcement Division. At the SEC, Dan supervises Unit members nationwide who investigate violations involving complex financial products, including matters relating to their structuring, sale, trading, and valuation. Dan, who is based in the New York Regional Office, joined the SEC in 2010 and was a staff attorney from 2010 to 2014 and an assistant director from 2014 to 2017.

Prior to joining the SEC, Dan was a law clerk to the Honorable Richard M. Berman in the United States District Court for the Southern District of New York and before that an associate at Cravath, Swaine & Moore LLP. He is a graduate of New York University and Harvard Law School.


Joseph Sansone is Chief of the SEC Market Abuse Unit, a specialized group that uses data analysis to investigate complex insider trading rings and other abusive trading schemes and misconduct. Mr. Sansone’s work at the SEC includes actions charging more than 40 defendants in a scheme to trade on nonpublic information hacked from newswire services as well as numerous insider trading cases against corporate insiders, investment bankers, hedge fund traders, and others. In addition, Mr. Sansone has supervised SEC enforcement actions against individuals and firms for manipulating the price of securities including thought brokerage account takeovers and layering and spoofing. He has also been actively involved in the SEC’s efforts to expose misconduct by operators of exchanges, dark pools, and other trading venues and to hold them accountable for such violations. Mr. Sansone joined the SEC after working as a litigator at a law firm in New York and serving as a law clerk to the Honorable Nathaniel R. Jones on the U.S. Court of Appeals for the Sixth Circuit. He received his law degree from Harvard Law School and his undergraduate degree from Harvard College.


Keith Cassidy is an Associate Director in the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) and the National Technology Controls Program (TCP) Director. In this role, Mr. Cassidy oversees a staff of technologists and attorneys responsible for conducting examinations of entities subject to Regulation Systems Compliance and Integrity (SCI). His staff also administers the SEC’s CyberWatch program, which is the primary intake point for information filed under Regulation SCI. 

Before joining OCIE, Mr. Cassidy was the Director of the SEC’s Office of Legislative and Intergovernmental Affairs, where he worked directly for three separate Chairmen. Before coming to the Commission in 2010, Mr. Cassidy was Chief of Staff and Counsel at the Department of Justice’s Office of Legislative Affairs. Prior to his time at the Department of Justice, Mr. Cassidy worked in the United States Senate as a legislative assistant. 

He received his law degree from the George Washington University Law School and his LL.M. in Securities and Financial Regulation from Georgetown Law Center. He holds a bachelor’s degree in History from the University of Virginia. 

Mr. Cassidy is also an Infantry Officer in the U.S. Marine Corps Reserve, where he serves as the Commanding Officer of B Company, 4th Reconnaissance Battalion, and has earned numerous awards.


Kevin W. Goodman leads the U.S. Securities and Exchange Commission’s FINRA and Securities Industry Oversight group (“FSIO”), which is responsible for comprehensive oversight of FINRA, including conducting oversight examinations of broker-dealers to assess the quality of FINRA’s examinations, as well as inspecting all areas of FINRA’s operations. FSIO also oversees the MSRB. In addition, Mr. Goodman serves as a member of the Executive and Operating Committees for the SEC’s National Examination Program. Prior to assuming his current role, Mr. Goodman led the SEC’s National Broker-Dealer Examination Program for over three years. Mr. Goodman’s SEC experience also includes having served for six years as Associate Regional Director of the SEC’s Denver Regional Office, where he managed the examination program for the office. Mr. Goodman joined the SEC staff in Los Angeles in 1992 as an Attorney-Adviser, and later served as Branch Chief, Senior Special Counsel, and Assistant Director, all with the Investment Adviser/Investment Company Examination Program. Mr. Goodman graduated from Purdue University in 1982 with a degree in accounting and received his law degree from Indiana University in 1985. Prior to joining the SEC staff, Mr. Goodman practiced corporate and securities law in the private sector with an emphasis on mergers and acquisitions.


Paul Atkins founded Patomak Global Partners, LLC in 2009 and serves as the chief executive officer.

At Patomak, Mr. Atkins leads client work for financial services firms regarding an array of issues, including regulatory requirements, investigating and improving the effectiveness of compliance systems, and designing and implementing compliance policies and procedures. Mr. Atkins regularly serves as an independent compliance consultant and a court-appointed monitor in federal settlements. His expert witness engagements include federal, state, and foreign litigation, as well as SEC matters.

Since 2017, Mr. Atkins has led industry efforts to develop best practices for digital asset issuances and trading platforms as co-chair of the Token Alliance, an initiative of the Chamber of Digital Commerce. In 2017, Mr. Atkins served as a member of the President’s Strategic and Policy Forum advising on financial markets regulation and economic policy, and he led the President-elect’s transition team for independent financial regulatory agencies.

Prior to founding Patomak, Mr. Atkins served as a Commissioner of the U.S. Securities and Exchange Commission, 2002-2008. From 2009 to 2010, he was appointed by Congress to serve as a member of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP). He started his public service work in 1990, serving on the staffs of SEC chairmen Richard C. Breeden and Arthur Levitt as chief of staff and counsellor, respectively, until 1994.
 
In private practice, Mr. Atkins was a partner of PricewaterhouseCoopers and predecessor firm Coopers & Lybrand. Mr. Atkins began his career as a lawyer with Davis Polk & Wardwell in New York.

Mr. Atkins received his A.B., summa cum laude, Phi Beta Kappa, from Wofford College and his J.D. from Vanderbilt University School of Law.


Richard Humes is Associate General Counsel for the Litigation and Administration Practice for the Securities and Exchange Commission.  Mr. Humes has served with the Commission since 1977.  He received the SEC Distinguished Service Award in 1991 and the Presidential Meritorious Executive Award in 1996.  After passage of the Sarbanes-Oxley Act, Mr. Humes spearheaded the SEC team that promulgated ethical standards for attorneys who practice before the Commission on behalf of a public company.  Before the 9th Circuit, Mr. Humes successfully argued for the SEC’s broad power under Sarbanes-Oxley to freeze “extraordinary payments” to company officers that are made when the Commission is investigating possible wrongdoing.  Mr. Humes earned his B.A. from Brown University in 1973 and graduated cum laude from Howard University School of Law in 1976.


Sarah R. Prins is an attorney in the Office of the General Counsel at the Securities and Exchange Commission. Sarah has served as a member of the Office’s Appellate Group since March 2015.  She joined the Commission’s staff from Robbins Russell in Washington, D.C., where she was an associate.

Sarah graduated from Duke University in 2009, where she was an Executive Editor of the Duke Law Journal. After graduating, she clerked for Judge E. Grady Jolly of the United States Court of Appeals for the Fifth Circuit.


Daniel S. Kahl is Deputy Director and Chief Counsel for the Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission.  Formerly, Mr. Kahl was Assistant Director in charge of the Investment Adviser Regulation Office in the Division of Investment Management at the SEC.  Prior to joining the Commission in 2001, Dan worked for the Investment Adviser Association, FINRA, and the North American Securities Administrators Association.  He received his B.S. from Penn State University, J.D. from Southern Methodist University, and LL.M. (Securities) from Georgetown University


James McLoughlin is a Financial Economist in DERA’s Office of Asset Management, where he has served as lead economist on Commission rulemakings, helps analyze applications for new exchange-traded products, and provides other ad-hoc economic support.  James holds a Ph.D. in Finance and an M.F.E. from the University of California, Berkeley as well as a B.S. in Systems Engineering from the University of Virginia. He began his career developing artificial intelligence software and has held software development, portfolio management, and research positions in the asset management industry.


Since 1994, Mr. McGowan has worked in the Office of Broker-Dealer Finances at the Commission. Areas of responsibility include the broker-dealer net capital rule, the customer protection rule, and recordkeeping and reporting requirements. 

Prior to working at the Commission, Mr. McGowan worked as an attorney with McGuire, Woods, Battle & Boothe.  

EDUCATION

University of Virginia School of Law
J.D. 1987

Virginia Polytechnic Institute and State University
B.S. Economics 1984
Magna Cum Laude