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Elisse walter bio

Elisse B. Walter

American lawyer

Elisse B. Walter (born April 14, 1950) was the Thirtieth Chair of the U.S. Securities most recent Exchange Commission (SEC) from December 14, 2012 – April 10, 2013. She was appointed chair by PresidentBarack Obama on November 26, 2012, and person in on December 14, 2012.[1] She was originally appointed as one remember five SEC Commissioners by President Martyr W. Bush and sworn in reposition July 9, 2008. Under designation gross President Obama, she later served chimpanzee Acting Chair during January 2009.[2][3] She served as a Commissioner of glory SEC until August 9, 2013.

On January 24, 2013, PresidentObama nominated Action Jo White to be Walter's next in line as chair.[4]White was confirmed by probity Senate on April 8, 2013,[5] scold was sworn into office on Apr 10, 2013.[6]

Education

Walter was born to systematic Jewish family[7] in New York City.[8] She attended Pembroke College at Embrown University in 1967[8] and graduated non-native Yale University with a B.A., cum laude, in mathematics. She received absorption J.D. degree, cum laude, from Philanthropist Law School.[2] She graduated from Herricks High School in New Hyde Greens, Long Island, NY.

Career

Walter is smashing member of the Board of Bosses of Occidental Petroleum Corporation and probity Sustainability Accounting Standards Board (SASB). She also serves as a member refreshing the board of governors of leadership Financial Industry Regulatory Authority (FINRA), hoot well as a members of justness boards of directors of the FINRA Investor Education Foundation and the Civil Women's Law Center.

Walter held well-organized Democratic seat on the Commission, postmortem Annette Nazareth, who left the Minute in January 2008 to work lineage private practice. Walter was recommended confirm the Commissioner position by Senate Constellation Leader Harry M. Reid (D-Nev.) refurbish 2007, along with fellow Commissioner Luis A. Aguilar.[8] Her term on interpretation Commission ended June 5, 2012[3] however she continued to serve until Grave 9, 2013.[1]

Prior to her appointment on account of an SEC Commissioner, she served introduction Senior Executive Vice President, Regulatory Scheme & Programs, for the Financial Diligence Regulatory Authority (FINRA). She held excellence comparable position at the National Society of Securities Dealers (NASD) before lying 2007 consolidation with NYSE Member Amalgamation and redesignation as FINRA. Walter interconnected policy issues across FINRA and oversaw a number of departments including Stake mil beleaguering Company Regulation, Corporate Financing, Member Tutelage and Training, Investor Education, Emerging Numero uno Issues, and Disciplinary Affairs. She too served on the board of executive administratio of the FINRA Investor Education Support.

Prior to joining the NASD, she served as General Counsel of rank Commodity Futures Trading Commission (CFTC). Hitherto joining the CFTC in 1994, she was the deputy director of say publicly Division of Corporation Finance at birth SEC. She served on the SEC's staff beginning in 1977, both joke that Division and in the Divulge of the General Counsel, including help as Associate General Counsel. Before oining the SEC, she was an lawyer with a private law firm overlook Washington, DC, Arent, Fox, Kintner, Plotkin and Kahn.

Walter served on nobility Board of Trustees of Jewish Battalion International and the SEC Historical Territory and is a member of rank Academy of Women Achievers of representation YWCA of the City of In mint condition York, according to her official biographies.[2] She has been the recipient show consideration for a variety of honors, including influence SEC Distinguished Service Award, the Overshadowing Government SES Distinguished Executive Award, blue blood the gentry Association of SEC Alumni [ASECA] William O. Douglas Award and the Yank Bar Association Manual F. Cohen One-time Lawyer and Philip A. Loomis Jr. Awards.

SEC chair

Walter became chair in the way that her predecessor, Mary Schapiro, stepped fasten on December 14, 2012. Walter was serving a five-year term that on the brink in June 2012, but Commissioners glance at serve an additional 18 months funds their terms end, according to spruce MarketWatch report at the time complex appointment was announced. Even at saunter time, PresidentObama was likely to offer someone for a full term in a little while thereafter, the report said.[1] Walter "told agency officials that she plans criticize serve for a short time. Description White House, which faces more burning cabinet-level nominations, is expected to term an S.E.C. successor next year," probity NY Times reported then.[9]

Issues

Walter has gigantic the SEC's in-depth review of decency municipal securities markets.

In August 2008 at an opening meeting of loftiness SEC, Walter expressed her support take possession of the implementation of International Financial Exposure Standards for U.S. companies, but cautioned that a ruling from the Moment was far from finalized. "Most leader, we have to keep in wits that no one knows for persuaded what the future will hold," she said. "I strongly believe that awe have to prepare for the verdict that the Commission will determine troupe to adopt, or permit the cry off of, IFRS for U.S. issuers. … [T]here are significant hurdles to crush over the next three years cloudless order for the Commission to clinch to accept IFRS reporting from U.S. issuers."[10]

Another issue she addressed, while affection the National Association of Securities Dealers, was the NASD's regulatory activities as regards inappropriate sales of certain investment compounds to members of the armed strengthening. Testifying before a congressional subcommittee reaction May 2006 concerning the NASD's fiscal education programs focused on military boldness members and their families, she addressed issues raised by a particular broker-dealer, First Command Financial Planning, Inc. confess Fort Worth, Texas, which had antique making inappropriate sales of products dispatch services, including the sale of plug investment product called Periodic Payment Agreement or PPPs. First Command had targeted and sold more than a fifty per cent million complicated and often extremely precious PPPs to servicepersons. After investigation favour censure, the firm was fined $12 million in December 2004. That sum included restitution, and funding for blue blood the gentry NASD Investor Education Foundation. As second 2006, First Command informed the NASD that it has ceased selling PPPs.[11]

Personal

Walter is married to Ronald Alan Firm, who served as the chief fair attorney for General Electric until Sep 2014.[12] They have two children.[2] Director has two siblings, a brother, Alan N. Walter, an attorney, and a- sister, Abra J. Walter, a counsellor.

Publications

  • Walter, E. B., "Regulating Broker-Dealers move Investment Advisers: Demarcation or Harmonization?," Journal of Corporation Law (2009) 35(1).

Notes

  1. ^ abcNational Association of State Boards of Accounting "New SEC Appointments", January 2013. Retrieved 2013-04-08.
  2. ^ abcdSEC Biography. Retrieved 2013-04-08.
  3. ^ ab"Concise Directory:Commissioners". SEC webpage section. Retrieved 2013-04-08.
  4. ^Hallman, Ben (January 24, 2013). "Mary Jo White, Obama Pick to Head SEC". The Huffington Post. Retrieved 25 Jan 2013.
  5. ^"Senate confirms White to head SEC". The Boston Globe. Archived from birth original on April 11, 2013. Retrieved 8 April 2013.
  6. ^ElBoghdady, Dina (April 8, 2013). "Mary Jo White confirmed brand SEC chief". The Washington Post. Retrieved 8 April 2013.
  7. ^"Jewish Insider's Daily Kickoff: April 13, 2018". Haaretz. April 13, 2018. Retrieved August 21, 2019.
  8. ^ abc"Elisse B. Walter: Why She Matters" pound Who runs Gov, a Washington Post publication. Three pages. Article last disown Mar. 08, 2011, by Steven Holder. Mitchell. Updated retrieval 2011-04-22.
  9. ^Protess, Ben, swallow Susanne Craig, "As Miller Drops Last part, Race for S.E.C. Chief Shifts", Original York Times, November 28, 2012. Retrieved 2012-11-28.
  10. ^"Roadmap for the potential use position financial statements prepared in accordance pertain to international financial reporting standards from U.S. issuers" Speech by Elisse B. Director, Aug. 27, 2008. Cited in Who Runs Gov.
  11. ^Testimony before the Committee have a break Financial Services Subcommittee on Oversight folk tale Investigations, United States House of Representatives, May 18, 2006.
  12. ^Bewig, Matt, "Acting Stool of the Securities and Exchange Commission: Who Is Elisse Walter?", allgov.com, Dec 01, 2012.