Todd Christie, the brother of New Jersey Governor Chris Christie, has joined Ernst & Young as director of the firm’s Northeast Practice Market Team, but brings along some baggage, including settled SEC charges.
His responsibilities will include developing new business relationships throughout the New York area, the firm announced Wednesday.
Christie has previously worked at Goldman Sachs as a participating managing director in the equity risk group. The investment firm where he was CEO, Spear, Leeds & Kellogg Specialists, was acquired by Goldman for $6 billion in 2000 and he reportedly received $60 million as part of the deal. The Securities and Exchange Commission later brought charges against him and 14 other traders at his old firm in 2005 for cheating clients out of $19 million through hundreds of improper trades between 1999 and 2003 of stock in IBM and AOL Time Warner using a technique known as “interpositioning” in which the firm traded ahead of customer orders. He settled the charges in 2008 without admitting or denying them.
Christie has also been active in politics as finance co-chairman of his brother’s gubernatorial campaign as well as New Jersey finance chairman for Mitt Romney’s presidential campaign.
In addition, Christie is a member of the executive committee of Super Bowl XLVIII, which will be played in the New Jersey Meadowlands next year.