Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC)
Con to the question "Should Insider Trading by Congress Be Allowed?"
"Insider trading threatens the integrity of our markets, depriving investors of the fundamental fairness of a level playing field. To deter this conduct and to hold accountable those who fail to play by the rules, the detection and prosecution of those who engage in insider trading remains one of the Division of Enforcement’s highest priorities...
There is no reason why trading by Members of Congress or their staff members would be considered 'exempt' from the federal securities laws, including the insider trading prohibitions, though the application of these principles to such trading, particularly in the case of Members of Congress, is without direct precedent and may present some unique issues."
"Testimony on 'H.R. 1148, the Stop Trading on Congressional Knowledge Act,'" Testimony for the US House of Representatives Committee on Financial Services, Dec. 6, 2011
Experts Individuals with JDs, PhDs, other relevant advanced degrees, and government officials with significant involvement in, or related to, insider trading issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Director, Division of Enforcement, US Securities and Exchange Commission (SEC), 2009-present
General Counsel of the Americas, Deutsche Bank, 2004-2009
Global Head of Litigation, Deutsche Bank, 2002-2004
Chief, Securities and Commodities Task Force, Southern District of of New York, 1999-2002
US Attorney, Southern District of New York, 1991-2002
Litigation Associate, Cadwalader, Wickersham and Taft, 1984-1991
Clerk, US Court of Appeals Eighth Circuit (Kansas City, Missouri), 1983-1984
JD, Boston University School of Law, 1983
BA, magna cum laude, University of Rochester, 1979