New York (May 21, 2004) -- The board of directors of the New York Stock Exchange has appointed two senior officers in its regulation group.
The NYSE appointed Susan L. Merrill as executive vice president of enforcement, effective in July, and promoted Robert A. Marchman to senior vice president of enforcement, effective immediately. The appointments were recommended by chief regulatory officer Richard G. Ketchum.
The exchange's enforcement division is responsible for investigating and prosecuting violations of federal securities laws and NYSE rules by its member broker/dealers.
“These appointments are critical additions to our senior team and will contribute to our continuing efforts to strengthen further the exchange’s enforcement function,” Ketchum said.
Merrill, 47, succeeds David P. Doherty, who recently retired as director of enforcement. She joins the exchange from the law firm of Davis Polk & Wardwell, where she is a litigation partner representing broker/dealers, investment advisors and Fortune 500 companies. The NYSE noted that Merrill will recuse herself for a year on matters involving Davis Polk’s clients and permanently on matters in which she was personally involved.
As a vice president in enforcement since 1994, Marchman, 46, has helped lead the NYSE’s enforcement actions against research analysts and specialists. In his new post, he will be responsible for the units conducting investigations of potential violations by specialists and floor brokers. He will also continue to be responsible for coordinating and directing investigations and litigations and contributing to enforcement policies and procedures.
Prior to joining the NYSE's enforcement division in 1989 as an enforcement director, Marchman was a branch chief in the Securities and Exchange Commission's enforcement division. He has chaired the NYSE’s Diversity Council, an advisory group that counsels management on diversity-management issues, since 1999.
-- WebCPA staff
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