the Security and Exchange Commission (SEC) appointed Renee Jones lead the Corporate Finance Division and John Coates as General Counsel for the SEC effective June 21, the SEC said in a announcement Monday (June 14).
Jones was Associate Dean for Academic Affairs at Boston College School of Law and also teaches law there. She was previously an attorney at Hill & Barlow, according to the announcement.
“Strong public disclosure has been a hallmark of effective securities regulation since the 1930s,” said the SEC Chairman. Gary Gensler in the ad. “Renee brings deep expertise in corporate governance and securities law to the Corporate Finance Division. His leadership will be invaluable as the division facilitates disclosure under our current rules and undertakes modernization of the rules to meet today’s challenges.
Jones said in the announcement that she has a “vital role” which aims to ensure that every investor has the right details to make “informed investment decisions”.
Coates has served as acting director of the SEC’s corporate finance division since February, according to the announcement. Prior to that, he was a law professor at Harvard University, where he also served as Associate Dean for Finance and Strategic Initiatives. Previously, Coates was a partner at Wachtell, Lipton, Rosen and Katz.
“In just two months, I have been able to rely on John’s deep expertise and judgment, essential qualities in the role of general counsel,” Gensler said in the announcement.
Coates said in the announcement that he wanted to continue his work in helping the SEC maintain its “mission to protect investors,” while ensuring “fair, orderly, and efficient markets” and facilitating the “training capital”.
In separate SEC news, Gensler said in a speech at the Piper Sandler Global Exchange & FinTech Conference earlier this month that he was considering audits of laws governing the US stock market. The federal agency is reviewing changes in legislation that regulate how stocks are traded and how pricing is done.
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