U.S. Securities and Exchange Commission

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The U.S. Securities and Exchange Commission (SEC) is a U.S. government commission created by Congress to regulate the securities markets and protect investors.


Organisational Structure

The SEC consists of five Commissioners appointed by the U.S. President, with staggered five-year terms. One of them is designated by the President as Chairman of the Commission — the agency's chief executive. The agency's functional responsibilities are organized into four Divisions and 19 Offices. Biographical information on all current Commissioners, Division Directors and Office Directors are below.

Commissioners

Mary L. Schapiro, Current Commissioner Chairman (2009 - present[1]): Schapiro was appointed in January 2009. She was previously CEO of the Financial Industry Regulatory Authority (FINRA) which she joined in 1996 as President of NASD Regulation.[2]
Kathleen L. Casey, Current Commissioner (2006 - present[3]): Casey was appointed in July 2006. Before her appointment as Commissioner, she served as Staff Director and Counsel of the U.S. Senate Banking, Housing, and Urban Affairs Committee. She was previously Legislative Director and Chief of Staff for U.S. Senator Richard Shelby.[4]
Elisse B. Walter, Current Commissioner (2008 - present[5]): Walter was appointed in July 2008 and served as Acting Chairman during January 2009. Prior to her appointment she served as Senior Executive Vice President, Regulatory Policy & Programs, for FINRA. She held the same position at NASD before its 2007 consolidation with NYSE Member Regulation. Prior to that she was General Counsel of the Commodity Futures Trading Commission.[6]
Luis A. Aguilar, Current Commissioner (2008 - present[7]): Aguilar was appointed in March 2008. Prior to his appointment he was a partner with the international law firm of McKenna Long & Aldridge LLP, specializing in securities law.[8]
Troy A. Paredes, Current Commissioner (2008 - present[9]): Paredes was appointed in August 2008. Before joining the SEC, he was a tenured professor at Washington University School of Law in St. Louis, Missouri. He also held a courtesy appointment at Washington University’s Olin Business School. Commissioner Paredes primarily taught and researched in the areas of securities regulation and corporate governance.[10]

Division Heads

Shelley Parratt, Deputy Director (Disclosure Operations) of Corporation Finance:[11] Parratt joined the Division of Corporation Finance as a Financial Analyst in 1986. She received her MBA from Syracuse University in 1985 and received her B.A. from St. Lawrence University in 1982.[12]
Robert Khuzami, Director of Enforcement:[13] Khuzami was most recently an in-house lawyer for Deutsche Bank. He was appointed Deutsche Bank’s ‘General Counsel for the Americas’ in January 2004. Prior to that he worked as Assistant United States Attorney in the U.S. Attorney's Office for the Southern District of New York.[14][15]
Andrew J. Donohue, Investment Management Director:[16] Donohue took up his post in May 2006. Prior to joining the SEC Donohue was Global General Counsel for Merrill Lynch Investment Managers. He was also Chairman of the firm's Global Risk Oversight Committee.[17]
Erik R. Sirri, Director of Market Regulation:[18] Sirri joined the SEC in August 2006. He is on leave from Babson College where he is a Professor of Finance. His research interests include the interaction of securities law and finance, securities market structure, securities trading, and the investment management industry. From 1996 to 1999, Sirri served as the Chief Economist of the Securities and Exchange Commission.[19][20]

Office Heads

Didem A. Nisanci, Chief of Staff:[21] Nisanci was appointed in March 2009. She was previously Staff Director for the U.S. Senate Banking Subcommittee on Securities, Insurance, and Investment chaired by U.S. Senator Jack Reed.[22]
David M. Becker, General Counsel:[23] Becker was appointed in February 2009. He joined the SEC from Cleary Gottlieb Steen & Hamilton LLP, where he was a partner in the firm’s Washington D.C. office. Becker previously served as SEC General Counsel from January 2000 to May 2002 after joining the SEC staff as Deputy General Counsel in 1998.[24]
Brenda P. Murray, Chief Administrative Law Judge:[25] Judge Murray was appointed Chief Administrative Law Judge of the United States Securities and Exchange Commission (SEC) on March 20, 1994.[26]
Sharon Sheehan, Associate Executive Director:[27] No biographical information available.
James L. Kroeker, Acting Chief Accountant:[28] Kroeker was appointed in February 2007. He joined from [Deloitte and Touche LLP]] where he was a partner in the firm's National Office Accounting Services Group from June 2002.[29]
James A. Overdahl, Former Chief Economist: Overdahl was appointed in July 2007. He was previously Chief Economist of the Commodity Futures Trading Commission.[30] The Commission announced in March 2010 that Overdahl will leave the agency to rejoin the private sector after serving since July 2007 as principal economic advisor to the Commission on policy, rulemaking, and litigation support.[31]
Alta G. Rodriguez, Acting Director of Equal Employment Opportunity:[32] Rodriguez was appointed Acting Director of Equal Employment Opportunity in January 2009. She was the EEO Deputy Director at the SEC from October 2008, and was previously Manager of National Diversity Initiatives for the United States Postal Service.[33]
Diego Tomás Ruiz, Executive Director:[34] Tomás Ruiz was appointed in August 2006. He was previously Executive Director of Univision Communications, Inc., the leading Spanish-language media company in the United States.[35]

16

Kristine Chadwick, Associate Executive Director:[36] Chadwick was appointed in December 2006. She was previously Chief Financial Officer for the Department of Agriculture's Farm Service Agency, Foreign Agricultural Service, and Commodity Credit Corporation. Prior to that she had worked at the Census Bureau, FDIC, and the Resolution Trust Corporation, as well as in the private sector at Arthur Anderson & Co.[37]

17

Lori A. Richards, Former Director of Compliance Inspections and Examinations:[38] Richards was appointed in May 1995. She started her career with the SEC in 1985 in the Enforcement program in Los Angeles.[39]

18

Celia Winter, FOIA/PA Officer:[40] No biographical information available.
Jeffrey Risinger, Director of Human Resources:[41] Risinger joined in 2005. Previously he was Deputy Associate Director at the U.S. Office of Personnel Management.[42]

19

Charles Boucher, Chief Information Officer and Director of the Office of Information Technology:[43] Before joining the SEC in December 2008, Boucher was an Executive Director at Morgan Stanley, where he directed all technology audits for infrastructure, including information security and disaster recovery. Prior to that role, he served as Senior Vice President and Chief Information Officer at Standard & Poor's, where he managed all aspects of the company's technology systems and programs. Prior to that he was Principal Head, IT Coverage for Morgan Stanley and Vice President, Area Manager for Chase Manhattan.[44]

20

H. David Kotz, Inspector General:[45] Before joining the SEC in December 2007, H. David Kotz was Inspector General of the Peace Corps. He previously worked at the U.S. Agency for International Development (USAID) and the Office of Labor and Employee Relations. Prior to his government service, Mr. Kotz worked at three law firms: Pepper Hamilton LLP in Washington D.C.; Stults & Balber, P.C., in New York City; and Graham & James in New York City.

21

[[Ethiopis Tafara

Director of the Office of International Affairs

Ethiopis Tafara joined the SEC in 1999 as an Assistant Director in the Office of International Affairs. He was previously counsel to the chairperson at the U.S. Commodity Futures Trading Commission and also served in the CFTC's Division of Enforcement. He began his legal career in Cleary, Gottlieb, Steen and Hamilton's Brussels office, where he worked on trade and competition matters. 22

[[Kristin J. Kaepplein

Director of the Office of Investor Education and Advocacy

Before joining the SEC in July 2007, Kristin J. Kaepplein was Vice President for Global Compliance Operations at Goldman Sachs. Prior to joining Goldman Sachs in 2004, she worked with many of the financial services industry's largest broker-dealers and investment managers as a management consultant with PricewaterhouseCoopers and TIAA-CREF, and as self-employed contractor. 23

[[William Schulz

Director, Office of Legislative and Intergovernmental Affairs

Before joining the SEC in 2002, William Schulz served as Special Master at the Court of Federal Claims, where he oversaw the management and resolution of multi-billion dollar banking litigation spawned by the collapse of the savings and loan industry and the passage of FIRREA. 24

[[John Nester

Director of the Office of Public Affairs

John Nester joined the Office of Public Affairs in June 2002 as Media Director and Public Affairs Specialist. Previously, he served five and one-half years as Media Director in the SEC’s Office of Investor Education and worked for more than a decade as a journalist covering Capitol Hill and government, including as a bureau chief, assignment editor, and television correspondent. 25

[[Jonathan S. Sokobin,

Director, Office of Risk Assessment


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Resources

Notes

  1. ↑ 01 April 2010.
  2. ↑ SEC, SEC Biography: Chairman Mary L. Schapiro, accessed 01 April 2010.
  3. ↑ 01 April 2010.
  4. ↑ SEC, SEC Biography: Commissioner Kathleen L. Casey, accessed 01 April 2010.
  5. ↑ 01 April 2010.
  6. ↑ SEC, SEC Biography: Commissioner Elisse B. Walter, accessed 01 April 2010.
  7. ↑ 01 April 2010.
  8. ↑ SEC, SEC Biography: Commissioner Luis A. Aguilar, accessed 01 April 2010.
  9. ↑ 01 April 2010.
  10. ↑ SEC, SEC Biography: Commissioner Troy A. Paredes, accessed 01 April 2010.
  11. ↑ As of 01 April 2010.
  12. ↑ SEC, 'Shelley Parratt Named Acting Director of SEC's Division of Corporation Finance,' Press Release 05 January 2009, accessed 01 April 2010.
  13. ↑ As of 01 April 2010.
  14. ↑ SEC, 'Robert Khuzami Named SEC Director of Enforcement,' Press Release 19 February 2009, accessed 01 April 2010.
  15. ↑ Business Wire, "Deutsche Bank Appoints Robert Khuzami General Counsel for The Americas," 13 January 2004, accessed 01 April 2010.
  16. ↑ As of 01 April 2010.
  17. ↑ SEC, Biography of Andrew J. Donohue, undated, accessed 01 April 2010.
  18. ↑ As od 01 April 2010.
  19. ↑ SEC, 'Chairman Cox Names Erik R. Sirri To Be the Commission's Next Director of the Division of Market Regulation,' Press Release 14 August 2006, accessed 01 April 2010.
  20. ↑ SEC, Biography of Erik R. Sirri, undated, accessed 01 April 2010.
  21. ↑ As of 01 April 2010.
  22. ↑ SEC, 'Didem Nisanci Named SEC Chief of Staff,' Press Release 24 March 2009, accessed 01 April 2010.
  23. ↑ As of 01 April 2010.
  24. ↑ SEC, 'David M. Becker Named SEC General Counsel and Senior Policy Director,' Press Release06 February 2009, accessed 01 April 2010.
  25. ↑ As of 01 April 2010.
  26. ↑ IAWJ, Biographies of Speakers, International Association of Women Judges 9th Biennial Conference Panama City, Panama, 25-28 March 2008, accessed 01 April 2010.
  27. ↑ As of 01 April 2010.
  28. ↑ As of 01 April 2010.
  29. ↑ SEC, 'James Kroeker Named Deputy Chief Accountant for Accounting in the Office of the Chief Accountant,' Press Release 05 February 2007, accessed 01 April 2010.
  30. ↑ SEC, 'James Overdahl Named SEC Chief Economist to Head Office of Economic Analysis,' Press Release 26 July 2007, accessed 01 April 2010.
  31. ↑ SEC, 'Chief Economist James Overdahl to Leave SEC,' Press Release 09 March 2010, accessed 01 April 2010.
  32. ↑ As of 01 April 2010.
  33. ↑ SEC, 'Alta G. Rodriguez Named SEC's Acting EEO Director,' Press Release 05 January 2009, accessed 01 April 2010.
  34. ↑ As of 03 April 2010.
  35. ↑ SEC, 'Diego Tomás Ruiz Named Executive Director of the Securities and Exchange Commission,' Press Release 16 August 2006, accessed 03 April 2010.
  36. ↑ As of 03 April 2010.
  37. ↑ SEC, 'Kristine Chadwick Named SEC's Chief Financial Officer,' Press Release 21 December 2006, accessed 03 April 2010.
  38. ↑ SEC, 'Lori Richards, Director of the Office of Compliance Inspections and Examinations, to Leave SEC,' Press Release 08 July 2009, accessed 03 April 2010.
  39. ↑ SEC, Bigraphy of Lori A. Richards, accessed 03 April 2010.
  40. ↑ As of 03 April 2010.
  41. ↑ As of 03 April 2010.
  42. ↑ SEC, 'Jeffrey Risinger Designated Acting Executive Director,' Press Release 05 June 2006, accessed 03 April 2010.
  43. ↑ As of 03 April 2010.
  44. ↑ SEC, 'Charles Boucher Named SEC Chief Information Officer,' Press Release 09 December 2008, accessed 03 April 2010.
  45. ↑ As of 03 April 2010.
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