DOCSLIB.ORG

Nomination of Jay Clayton Hearing Committee On

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Nomination of Jay Clayton Hearing Committee On S. HRG. 115–9 NOMINATION OF JAY CLAYTON HEARING BEFORE THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE ONE HUNDRED FIFTEENTH CONGRESS FIRST SESSION ON THE NOMINATION OF JAY CLAYTON, OF NEW YORK, TO BE A MEMBER OF THE SECURITIES AND EXCHANGE COMMISSION MARCH 23, 2017 Printed for the use of the Committee on Banking, Housing, and Urban Affairs ( Available at: http://www.fdsys.gov/ U.S. GOVERNMENT PUBLISHING OFFICE 24–998 PDF WASHINGTON : 2017 For sale by the Superintendent of Documents, U.S. Government Publishing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Nov 24 2008 12:32 May 01, 2017 Jkt 046629 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 L:\HEARINGS 2017\03-23 NOMINATION OF CLAYTON\HEARING\24988.TXT JASON COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS MIKE CRAPO, Idaho, Chairman RICHARD C. SHELBY, Alabama SHERROD BROWN, Ohio BOB CORKER, Tennessee JACK REED, Rhode Island PATRICK J. TOOMEY, Pennsylvania ROBERT MENENDEZ, New Jersey DEAN HELLER, Nevada JON TESTER, Montana TIM SCOTT, South Carolina MARK R. WARNER, Virginia BEN SASSE, Nebraska ELIZABETH WARREN, Massachusetts TOM COTTON, Arkansas HEIDI HEITKAMP, North Dakota MIKE ROUNDS, South Dakota JOE DONNELLY, Indiana DAVID PERDUE, Georgia BRIAN SCHATZ, Hawaii THOM TILLIS, North Carolina CHRIS VAN HOLLEN, Maryland JOHN KENNEDY, Louisiana CATHERINE CORTEZ MASTO, Nevada GREGG RICHARD, Staff Director MARK POWDEN, Democratic Staff Director ELAD ROISMAN, Chief Counsel BRANDON BEALL, Professional Staff Member GRAHAM STEELE, Democratic Chief Counsel LAURA SWANSON, Democratic Deputy Staff Director ELISHA TUKU, Democratic Senior Counsel DAWN RATLIFF, Chief Clerk SHELVIN SIMMONS, IT Director CAMERON RICKER, Hearing Clerk JIM CROWELL, Editor (II) VerDate Nov 24 2008 12:32 May 01, 2017 Jkt 046629 PO 00000 Frm 00002 Fmt 0486 Sfmt 0486 L:\HEARINGS 2017\03-23 NOMINATION OF CLAYTON\HEARING\24988.TXT JASON CONTENTS THURSDAY, MARCH 23, 2017 Page Opening statement of Chairman Crapo ................................................................. 1 Prepared statement .......................................................................................... 45 Opening statements, comments, or prepared statements of: Senator Brown .................................................................................................. 2 Senator Warner Prepared statement ................................................................................... 45 NOMINEE Jay Clayton, of New York, to be a member of the Securities and Exchange Commission ........................................................................................................... 4 Prepared statement .......................................................................................... 46 Biographical sketch of nominee ....................................................................... 48 Responses to written questions of: Senator Heller ........................................................................................... 64 Senator Sasse ............................................................................................ 66 Senator Cotton ........................................................................................... 75 Senator Perdue .......................................................................................... 76 Senator Tillis ............................................................................................. 78 Senator Brown ........................................................................................... 82 Senator Reed .............................................................................................. 90 Senator Menendez ..................................................................................... 92 Senator Tester ........................................................................................... 99 Senator Warner ......................................................................................... 102 Senator Warren ......................................................................................... 107 Senator Donnelly ....................................................................................... 112 Senator Schatz ........................................................................................... 113 Senator Van Hollen ................................................................................... 115 Senator Cortez Masto ................................................................................ 117 Senators Heitkamp and Heller ................................................................ 124 Senators Heitkamp, Tester, and Donnelly .............................................. 125 ADDITIONAL MATERIAL SUPPLIED FOR THE RECORD SEC Settlement Order for Trump Hotels & Casino Resorts, Inc., dated Janu- ary 16, 2002 .......................................................................................................... 127 Correspondence from The Trump Organization to The Honorable Harvey L. Pitt, The Honorable Isaac C. Hunt, Jr., and The Honorable Laura S. Unger, dated December 14, 2001 ........................................................................ 136 Correspondence from The Trump Organization to The Honorable Harvey L. Pitt, dated January 28, 2002 .......................................................................... 137 (III) VerDate Nov 24 2008 12:32 May 01, 2017 Jkt 046629 PO 00000 Frm 00003 Fmt 5904 Sfmt 5904 L:\HEARINGS 2017\03-23 NOMINATION OF CLAYTON\HEARING\24988.TXT JASON VerDate Nov 24 2008 12:32 May 01, 2017 Jkt 046629 PO 00000 Frm 00004 Fmt 5904 Sfmt 5904 L:\HEARINGS 2017\03-23 NOMINATION OF CLAYTON\HEARING\24988.TXT JASON NOMINATION OF JAY CLAYTON, OF NEW YORK, TO BE A MEMBER OF THE SECURI- TIES AND EXCHANGE COMMISSION THURSDAY, MARCH 23, 2017 U.S. SENATE, COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS, Washington, DC. The Committee met at 9:33 a.m., in room SD–538, Dirksen Sen- ate Office Building, Hon. Mike Crapo, Chairman of the Committee, presiding. OPENING STATEMENT OF CHAIRMAN MIKE CRAPO Chairman CRAPO. This hearing will come to order. This morning, we will hear testimony on the nomination of Jay Clayton to be Chairman of the United States Securities and Ex- change Commission. Mr. Clayton has extensive expertise in our financial markets as a highly regarded securities lawyer. For decades he has helped companies access our capital markets, increase their ability to in- vest in the United States, and grow and create jobs. One area on which Mr. Clayton has already indicated he will focus is capital formation. Capital markets drive innovation and job creation, and access is the lifeblood of our economy. The JOBS Act helped revitalize the primary markets, and both Congress and the SEC should continue to find ways to help compa- nies go public and allow their investors to share in their success. Recently, this Committee marked up several bipartisan securities bills, and we encourage you, Mr. Clayton, if confirmed, to help us identify other securities areas which could use legislative improve- ment. The SEC has an important three-part mission: protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Each part of the mission is equally important and should not come at the expense of another. I raise this because the SEC’s mission is critical to every U.S. citizen and retiree. Investors should be able to participate in our markets, on fair footing, so that they can pay for life events such as college and save for retirement. We also need to help investors make sure they have material in- formation to make informed investment decisions. I have repeat- edly stressed the need for the U.S. financial system and its mar- kets to remain the preferred destination for investors throughout the world, and the SEC has an important role to that end. I look forward to hearing more from you on how we can help companies (1) VerDate Nov 24 2008 12:32 May 01, 2017 Jkt 046629 PO 00000 Frm 00005 Fmt 6633 Sfmt 6633 L:\HEARINGS 2017\03-23 NOMINATION OF CLAYTON\HEARING\24988.TXT JASON 2 grow, Americans get hired, and investors share in the wealth cre- ation by these companies. Another important issue that the SEC is tasked with is ensuring that the stock market rules and regulations are still appropriate, given that most of them were promulgated in a time where tech- nology was much less advanced. It is imperative that these rules serve the needs of companies and investors. In that vein, it is important for the SEC to do retrospective re- views of its own regulations to ensure they are working out as in- tended and are still acceptable. This is in line with the President’s own Executive orders on regulation. Other regulators are subject to EGRPRA, the Economic Growth and Regulatory Paperwork Reduction Act, which statutorily man- dates a review and an evaluation of existing regulations in order to identify which are outdated, unnecessary, or unduly burden- some. While technically the SEC is not subject to EGRPRA, your prede- cessor, Chair White, indicated before this Committee that she was ‘‘very much committed to reviewing [the SEC’s] rules in that fash- ion.’’ A commitment like that is one that many would like to see continue. Additionally, it is important for the SEC to have robust cost-ben- efit analysis. I have long stated this position, and our President re- cently echoed the importance of cost-benefit
Load more

Recommended publications
  • GAO-18-186R, Financial Audit
    441 G St. N.W. Washington, DC 20548 November 15, 2017 The Honorable Jay Clayton Chairman United States Securities and Exchange Commission Financial Audit: Securities and Exchange Commission’s Fiscal Years 2017 and 2016 Financial Statements Dear Mr. Clayton: This report transmits the GAO auditor’s report on the results of our audits of the fiscal years 2017 and 2016 financial statements of the United States Securities and Exchange Commission (SEC) and its Investor Protection Fund (IPF),1 which is incorporated in the enclosed U.S. Securities and Exchange Commission Fiscal Year 2017 Agency Financial Report. As discussed more fully in the auditor’s report that begins on page 57 of the enclosed agency financial report, we found • the financial statements of SEC and its IPF as of and for the fiscal years ended September 30, 2017, and 2016, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; • SEC maintained, in all material respects, effective internal control over financial reporting for SEC and for IPF as of September 30, 2017; and • no reportable noncompliance for fiscal year 2017 with provisions of applicable laws, regulations, contracts, and grant agreements we tested. The Accountability of Tax Dollars Act of 2002 requires that SEC annually prepare and submit audited financial statements to Congress and the Office of Management and Budget.2 The Securities Exchange Act of 1934, as amended in 2010 by section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
    [Show full text]
  • Yale Law School 2007-2008
    bulletin of yale university bulletin of yale Series 1o3 8 Number 10, 2007 August 2007–2008 Yale Law School Yale bulletin of yale university August 10, 2007 Yale Law School Periodicals postage paid Periodicals Connecticut Haven, New 06520-8227 CT New Haven Haven New bulletin of yale university bulletin of yale Bulletin of Yale University The University is committed to basing judgments concerning the admission, education, and employment of individuals upon their qualifications and abilities and a∞rmatively Postmaster: Send address changes to Bulletin of Yale University, seeks to attract to its faculty, sta≠, and student body qualified persons of diverse back- PO Box 208227, New Haven CT 06520-8227 grounds. In accordance with this policy and as delineated by federal and Connecticut law, Yale does not discriminate in admissions, educational programs, or employment PO Box 208230, New Haven CT 06520-8230 against any individual on account of that individual’s sex, race, color, religion, age, Periodicals postage paid at New Haven, Connecticut disability, status as a special disabled veteran, veteran of the Vietnam era, or other covered veteran, or national or ethnic origin; nor does Yale discriminate on the basis of Issued seventeen times a year: one time a year in May, November, and December; sexual orientation or gender identity or expression. two times a year in June; three times a year in July and September; six times a year University policy is committed to a∞rmative action under law in employment of in August women, minority group members, individuals with disabilities, special disabled veterans, veterans of the Vietnam era, and other covered veterans.
    [Show full text]
  • Josh Zinner, CEO, Interfaith Center on Corporate Responsibility
    November 6, 2018 Hon. Jay Clayton Chairman U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: File 4- 725 -- Staff Roundtable on the Proxy Process Dear Chairman Clayton, In response to your July 30th statement announcing a Staff Roundtable on the Proxy Process, the Interfaith Center on Corporate Responsibility (ICCR), a coalition of more than 300 institutional investors collectively representing over $400 billion in invested capital, wishes to express our affirmation of the current shareholder proposal process as effective, efficient and beneficial to both shareholders and the long-term well-being of the companies they hold. Our members are composed of a cross section of religious investors, foundations, asset managers, pension funds, and other long-term institutional investors. Members of ICCR have been involved in the shareholder resolution process since 1971, giving us over 45 years of experience in shareowner engagement and the proxy process. We submit this brief comment in advance of the Staff Roundtable, and will be providing a more in-depth comment subsequent to the Roundtable. We firmly believe that there is no need to revise the rules governing the proxy process. For decades, the shareholder proposal process has served as a cost effective way for corporate management and boards to gain a better understanding of shareholder priorities and concerns, particularly those of longer-term shareholders concerned about the long-term value of the companies that they own. This efficient system of private ordering has led to the widespread adoption of a number of constructive corporate governance practices that have become standard in the field, such as independent directors, declassifying boards, “say on pay” vote requirements, and many others.
    [Show full text]
  • Wilmerhale and FTI Consulting Webinar: Unicorns and Digital Coins: Exploring the Strange New Regulatory World of Private Companies
    WilmerHale and FTI Consulting Webinar: Unicorns and Digital Coins: Exploring the Strange New Regulatory World of Private Companies Thursday, May 17, 2018 Speakers: Lori Echavarria, WilmerHale Michael Mugmon, WilmerHale Edward Westerman, FTI Consulting Attorney Advertising Speakers Lori Echavarria Michael Mugmon Edward Westerman Partner Partner Senior Managing Director WilmerHale WilmerHale FTI Consulting 2 Webinar Guidelines . Participants are in listen-only mode . Submit questions via the Q&A box on the bottom right panel . Questions will be answered as time permits . Offering 1.0 CLE credit in California and New York* . WebEx customer support: +1 888 447 1119, press 2 *WilmerHale has been accredited by the New York State and California State Continuing Legal Education Boards as a provider of continuing legal education. This program is being planned with the intention to offer CLE credit in California and non-transitional CLE credit in New York . This program, therefore, is being planned with the intention to offer CLE credit for experienced New York attorneys only. Attendees of this program may be able to claim England & Wales CPD for this program. WilmerHale is not an accredited provider of Virginia CLE, but we will apply for Virginia CLE credit if requested. The type and amount of credit awarded will be determined solely by the Virginia CLE Board. Attendees requesting CLE credit must attend the entire program. 3 Agenda I. The Unicorn Landscape II. Unicorn Companies: Invincible Against SEC Scrutiny? III. Transitioning From Private to Public IV. Trump Administration: Current SEC Environment V. Takeaways VI. Questions? 4 I. The Unicorn Landscape What is a Unicorn? Definition: Private companies valued at $1 billion or more.
    [Show full text]
  • Via E-Mail August 19, 2021 Vanessa A. Countryman Secretary Securities
    Via E-Mail August 19, 2021 Vanessa A. Countryman Secretary Securities and Exchange Commission 100 F Street NE Washington, DC 20549-1090 Re: File No. S7-06-21 Dear Madam Secretary: I am writing on behalf of the Council of Institutional Investors (CII). CII is a nonprofit, nonpartisan association of United States (U.S.) public, corporate and union employee benefit funds, other employee benefit plans, state and local entities charged with investing public assets, and foundations and endowments with combined assets under management of approximately $4 trillion. Our member funds include major long-term shareowners with a duty to protect the retirement savings of millions of workers and their families, including public pension funds with more than 15 million participants – true “Main Street” investors through their pension funds. Our associate members include non-U.S. asset owners with about $4 trillion in assets, and a range of asset managers with more than $40 trillion in assets under management.1 This letter is in response to the Securities and Exchange Commission’s (SEC or Commission) invitation to comment on its semiannual regulatory agenda (Agenda).2 CII’s current SEC rulemaking priorities fall into the following three categories: (1) Investor Rights and Protections; (2) Corporate Disclosure; and (3) Market Systems & Structure.3 1. Investor Rights and Protections We include under this heading our support for completed action on “Listing Standards for Recovery of Erroneously Awarded Compensation.”4 We are pleased that the Commission has 1 For more information about the Council of Institutional Investors (“CII”), including its board and members, please visit CII’s website at http://www.cii.org.
    [Show full text]
  • Chairman Jay Clayton, June 1, 2019 to June 30, 2019
    Chairman Jay Clayton Public Calendar June 1, 2019 to June 30, 2019 Monday, June 3, 2019 10:30 am Meeting with staff 11:00 am Meeting with staff 11:30 am Meeting with staff 12:00 pm Speaking engagement, SEC Roundtable on Mentorship at the SEC 1:30 pm Meeting with Susquehanna International Group, LLC, including: Jeff Yass, Managing Director; and Brian Sopinsky, Secretary 2:00 pm Speaking engagement, SEC 85th Anniversary 3:00 pm Meeting with Commissioner 4:00 pm Speaking engagement, SEC Historical Society Roundtable with former SEC Chairs, including: David Ruder; Richard Breeden; Arthur Levitt; Harvey Pitt; Christopher Cox; Mary Schapiro; Elisse Walter; and Mary Jo White 5:30 pm Speaking engagement, SEC Historical Society Dinner Tuesday, June 4, 2019 11:00 am Speaking engagement, SEC Mid-Atlantic Regional Conference 12:00 pm Meeting with Robert Hur, U.S. Attorney, District of Maryland; William McSwain, U.S. Attorney, Eastern District of Pennsylvania; and Craig Carpenito, U.S. Attorney, District of New Jersey 3:30 pm Meeting with staff 5:00 pm Meeting with Congresswoman Maxine Waters Wednesday, June 5, 2019 8:00 am Meeting with Senator Pat Toomey 10:00 am Commission Open Meeting 1:00 pm Speaking engagement, SEC Veterans Hall dedication 2:00 pm Meeting with staff 2:30 pm Meeting with staff 3:15 pm Phone call with Senator Mike Crapo 4:00 pm Meeting with staff 4:30 pm Phone call with Congressman Patrick McHenry 5:00 pm Phone call with Congresswoman Ann Wagner 5:30 pm Meeting with staff Thursday, June 6, 2019 7:25 am Interview with Andrew Sorkin,
    [Show full text]
  • Chairman Mary L. Schapiro Public Calendar, 2010
    Chairman Mary L. Schapiro Public Calendar 2010 Friday, January 1, 2010 SEC closed for New Year’s Day Monday, January 4, 2010 9:30 am Meeting with staff 10:30 am Meeting with staff 12:00 pm Lunch with FDIC Chairman Sheila Bair, FDIC 2:00 pm Meeting with staff 2:30 pm Meeting with Commissioner and staff 4:00 pm Meeting with staff 5:00 pm Meeting with staff Tuesday, January 5, 2010 9:30 am Meeting with staff 11:00 am Meeting with staff 1:00 pm Meeting with staff 5:00 pm Meeting with staff Wednesday, January 6, 2010 9:30 am Meeting with Commissioner and staff 12:30 pm Press interview with Marcy Gordon, Associated Press 2:30 pm Meeting with staff 3:00 pm Meeting with Commissioner and staff Thursday, January 7, 2010 9:00 am Meeting with staff 10:30 am Meeting with staff 11:00 am Meeting with staff 1:30 pm Meeting with staff 2:00 pm Closed Commission meeting Friday, January 8, 2010 10:00 am Meeting with staff 2:00 pm Meeting with Joel Seligman, President, University of Rochester Monday, January 11, 2010 9:30 am Oral argument 2:30 pm Meeting with staff 3:30 pm Meeting with staff 1 Tuesday, January 12, 2010 10:00 am Meeting with staff 2:00 pm Meeting with staff Wednesday, January 13, 2010 10:00 am Open Commission meeting 2:00 pm Meeting with Yahoo! Inc., including: Roy Bostock, Chairman, Board of Directors; Michael Callahan, General Counsel; Mindy Heppberger, Deputy General Counsel, Corporate Governance; Margaret Stewart Nagle, Director, Government Affairs 3:00 pm Stop by the Division of Enforcement’s town hall meeting 4:00 pm Meeting with staff Thursday, January 14, 2010 9:00 am Testify before the Financial Crisis Inquiry Commission on “Causes and Current State of the Financial Crisis” 1:30 pm Meeting with staff 2:00 pm Closed Commission meeting Friday, January 15, 2010 8:30 am Meeting with Inspector General 10:00 am Photo shoot with Money 11:30 am Meeting with PCAOB Acting Chairman Daniel Goelzer 1:30 pm Meeting with Commissioner 2:30 pm Meeting with Commissioner 4:00 pm Meeting with staff Monday, January 18, 2010 SEC closed for the Birthday of Martin Luther King, Jr.
    [Show full text]
  • Nominations Of: Richard Cordray and Mary Jo White
    S. HRG. 113–13 NOMINATIONS OF: RICHARD CORDRAY AND MARY JO WHITE HEARING BEFORE THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE ONE HUNDRED THIRTEENTH CONGRESS FIRST SESSION ON NOMINATIONS OF: RICHARD CORDRAY, OF OHIO, TO BE DIRECTOR OF THE BUREAU OF CONSUMER FINANCIAL PROTECTION MARY JO WHITE, OF NEW YORK, TO BE A MEMBER OF THE SECURITIES AND EXCHANGE COMMISSION MARCH 12, 2013 Printed for the use of the Committee on Banking, Housing, and Urban Affairs ( Available at: http://www.fdsys.gov/ U.S. GOVERNMENT PRINTING OFFICE 80–698 PDF WASHINGTON : 2013 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Nov 24 2008 14:29 May 23, 2013 Jkt 048080 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 L:\HEARINGS 2013\03-12 NOMINATIONS OF CORDRAY AND WHITE\HEARING\31213.TX COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS TIM JOHNSON, South Dakota, Chairman JACK REED, Rhode Island MIKE CRAPO, Idaho CHARLES E. SCHUMER, New York RICHARD C. SHELBY, Alabama ROBERT MENENDEZ, New Jersey BOB CORKER, Tennessee SHERROD BROWN, Ohio DAVID VITTER, Louisiana JON TESTER, Montana MIKE JOHANNS, Nebraska MARK R. WARNER, Virginia PATRICK J. TOOMEY, Pennsylvania JEFF MERKLEY, Oregon MARK KIRK, Illinois KAY HAGAN, North Carolina JERRY MORAN, Kansas JOE MANCHIN III, West Virginia TOM COBURN, Oklahoma ELIZABETH WARREN, Massachusetts DEAN HELLER, Nevada HEIDI HEITKAMP, North Dakota
    [Show full text]
  • Chairman Jay Clayton, April 1, 2019 to April 30, 2019
    Chairman Jay Clayton Public Calendar April 1, 2019 to April 30, 2019 Monday, April 1, 2019 10:30 am Speaking engagement, SEC International Institute for Securities Market Growth and Development 11:30 am Meeting with staff 12:15 pm Phone call with Senator Patrick Toomey 12:30 pm Speaking engagement, Federal Bar Association 2:00 pm Phone call with Hal Scott, President, Committee on Capital Markets Regulation 2:30 pm Meeting with Commissioner 3:15 pm Meeting with staff 4:00 pm Meeting with the International Financial Reporting Standards (IFRS) Foundation including: Erkki Liikanen Chair; Alan Beller, Due Process Oversight Committee Chair; and Larry Leva, Global Trustee Tuesday, April 2, 2019 9:20 am Meeting with staff 10:00 am Meeting with staff 10:30 am Meeting with staff 11:00 am Meeting with staff 11:15 am Phone call with Max Stier, President, Partnership for Public Service 12:00 pm Meeting with Jelena McWilliams, Chairman, Federal Deposit Insurance Company; Ajit Pai, Chairman, Federal Communications Commission; Joseph Simons, Chairman, Federal Trade Commission; Scott Gottlieb, Commissioner, U.S. Food and Drug Administration; Kathy Kraninger, Director, Consumer Financial Protection Bureau; and Andrew Olmem, Deputy Assistant to the President for Economic Policy, National Economic Council 2:00 pm Meeting with staff 2:30 pm Meeting with staff 3:00 pm Meeting with the Options Clearing Corporation, including: Craig Donohue, Executive Chairman; John Davidson, Chief Executive Officer; Scot Warren, Chief Operating Officer; Julie Bauer, Senior
    [Show full text]
  • Chair Mary Jo White, April 10, 2013 to December 31, 2013
    Chair Mary Jo White Public Calendar April 10, 2013 to December 31, 2013 Wednesday, April 10 2013 9:00 am Oath of Office 10:00 am Open Commission Meeting 11:30 am Meeting with staff 12:30 pm Meeting with job applicant 1:30 pm Meeting with staff 2:30 pm Meeting with staff 3:30 pm Meeting with staff 4:00 pm Meeting with staff 4:30 pm Meeting with staff Thursday, April 11 2013 9:00 am Meeting with staff 9:30 am Meeting with staff 10:00 am Meeting with staff 11:30 am Meeting with Commissioner Parades 12:30 pm Meeting with Commissioner Gallagher 1:40 pm Meeting with staff 2:00 pm Closed Commission Meeting 3:30 pm Meeting with staff 4:00 pm Meeting with staff Friday, April 12 2013 9:00 am Meeting with staff 10:00 am Meeting with Commissioner Walter and staff 10:30 am Swearing‐in Ceremony 12:00 pm Meeting with Russell Golden, Chair, Financial Accounting Standards Board (FASB) 1:00 pm Meeting with staff Monday, April 15 2013 9:30 am Meeting with staff 10:30 am Meeting with staff 11:00 am Meeting with staff 1 11:15 am Phone call with staff 11:30 am Meeting with staff 12:00 pm Phone call with Jim Doty, Chairman, Public Company Accounting Oversight Board (PCAOB) 12:45 pm Phone call with staff 1:00 pm Meeting with staff 2:00 pm Meeting with staff 3:00 pm Meeting with staff 4:00 pm Meeting with staff 4:30 pm Meeting with staff 5:00 pm Meeting with staff 5:05 pm Phone call with Gary Gensler, Chairman, Commodity Futures Trading Commission (CFTC) 5:45 pm Phone call with Congressman Scott Garrett Tuesday, April 16 2013 9:00 am Meeting with staff 10:00
    [Show full text]
  • Stephen Kosmin Year Called 2011 [email protected]
    Stephen Kosmin Year called 2011 [email protected] Stephen Kosmin’s practice extends across financial services law, commercial law, construction law and public law. Stephen has extensive trial and appellate court experience. Recently, Stephen has appeared in the Supreme Court in R (Bancoult) v Secretary of State for Foreign and Commonwealth Affairs (No 3) acting for the claimant, and in Cox v Ministry of Justice acting for the Government. Stephen is very experienced in financial regulation and financial services law. In particular: Stephen’s expertise encompasses tax avoidance schemes and collective investment schemes, financial product mis-selling, insurance contracts, and jurisdictional issues concerning regulators. Stephen has successfully represented the Financial Ombudsman Service in judicial review proceedings, both substantive and at the permission stage, including in R (Chancery (UK) LLP) v FOS [2015] (the leading case on the jurisdictional limits of the Financial Ombudsman Service), and R (Full Circle) v FOS [2016] (the leading case on the relationship between the FCA and the Financial Ombudsman Service). Stephen has advised the Financial Services Compensation Scheme, including in relation to jurisdiction, quantum, and issues relating to judicial review. Stephen has advised the Bank of England in respect of regulatory investigations and judicial review proceedings. Stephen has both acted for the Serious Fraud Office and for a party under investigation by the Serious Fraud Office. In his commercial and construction law practice, Stephen appears regularly in the High Court both by himself and as junior counsel. In May 2018, Stephen appeared as junior counsel in Seadrill Ghana Operations Ltd v Tullow Ghana Limited, a month-long Commercial Court trial concerning the construction of a force majeure clause in an oil and gas contract upon a suspension of drilling in disputed waters between Ghana and Cote d’Ivoire.
    [Show full text]
  • Harvey L. Pitt Receives William O. Douglas Award at 2011 Annual
    July 2011 News Association of Securities and Exchange Commission Alumni, Inc. For and About SEC Alumni Harvey L. Pitt Receives William O. Douglas Award President’s Message Thank you all for another successful year at 2011 Annual Dinner for ASECA. Our annual dinner on February 4, 2011 was a terrific evening at which we had More than 750 SEC alumni, the opportunity to visit with SEC alumni, staff practitioners, industry officials, and friends and to present the 2011 William O. and SEC staff attended the Douglas award to Harvey Pitt. Harvey had two Nineteenth Annual ASECA distinguished careers at the SEC--first as a staff Dinner on February 4, 2011. As member and the agency’s youngest General in past years, the event was held Counsel and then as Chairman of the agency at the Ronald Reagan Building during 9/11 and following the corporate and and International Trade Center accounting crises of the 1990s. A copy of Harvey’s in Washington, D.C. in con- remarks is available on page 5 of this newsletter junction with the annual PLI as well as on the ASECA website. SEC Chairman Mary Schapiro, who was recipient of the 2008 program, “SEC Speaks.” William O. Douglas award, introduced Harvey, and Rick Ketchum, Chairman and CEO of FINRA and The evening began with opening recipient of the 2009 William O. Douglas award, remarks by ASECA President gave a toast to the SEC. ASECA President Amy Goodman presents the Amy Goodman, followed by William O. Douglas Award to Harvey Pitt. a toast to the SEC given by Another important aspect of the dinner is the Richard G.
    [Show full text]