December 13, 2012

Dave & Marty on SEC Changes, Business Days, SEC HQs and Elvis

In this podcast, Dave Lynn and Marty Dunn engage in a lively discussion of the latest developments in securities laws, corporate governance, and pop culture. Topics include:

– Changes at the SEC
– Reflections on a “business day”
– Which is better: 450 5th Street versus 100 F Street?
– Which is better: Original Elvis or Comeback Elvis?

Congressional Committee Changes & the Impact on the SEC

This Reuters article discusses changes in the leadership of the Senate Banking Committee and House Financial Services Committee, the top oversight committees for the SEC. Senator Michael Crapo will now be the ranking Republican on the Senate Banking Committee, with Senator Tim Johnson (D-SD) remaining at the Chair. Newly elected Elizabeth Warren (D-Mass) will join that committee (here is a recent interview with her).

Representative Jeb Hensarling (R-Texas) will take over as Chair of the House Financial Services Committee (taking over for Spencer Bachus) with Maxine Waters (D-Cal) who will be the ranking Democrat on that committee…

The Legacy of SEC Chair Mary Schapiro

Tomorrow is SEC Chair Mary Schapiro’s last day and much has been – and will be – written about her legacy. There are a collection of articles about this linked from this Cooley new brief. And here is a brief interview conducted with Mary.

Personally, I will always be amazed at how long a career she has had in public service at the very top. Don’t forget she first became a SEC Commissioner at age 33! And she was the first woman to serve as the SEC Chair. In between, she served a variety of high-ranking roles at other agencies (including the head of FINRA) – all under the administrations of different political parties. I would be surprised if someone else ever matched Mary’s leadership record of public service in the securities law field…

– Broc Romanek