SEC Hires Securities Lawyer, Makes Other Personnel Moves

The Securities and Exchange Commission announced that securities lawyer Andrew N. Vollmer will serve as the agency's deputy general counsel.

Vollmer, 52, is a partner in the international law firm of Wilmer Cutler Pickering Hale and Dorr LLP and has represented corporate clients in SEC investigations and proceedings.

He currently serves as vice chair of the firm's Securities Department and previously served as one of two partners managing the firm's London office.

"He brings a keen intellect and broad and deep experience to the task of investor protection," said SEC General Counsel Brian Cartwright, in a statement. "His strong management background will help us all work together efficiently and effectively."

Vollmer has frequently spoken and written on securities law, and he co-wrote a 2004 study on internal corporate investigations. He succeeds Meyer Eisenberg, who retired in January, and will start his new job at the end of the month.

Separately, it was announced that:

  • Susan Ferris Wyderko, director of the Office of Investor Education and Assistance, will leave the SEC in June to become executive director of the Independent Mutual Fund Directors Forum, a non-profit organization dedicated to improving mutual fund governance.
Wyderko had been in the position since 2000 and had held other senior jobs within the SEC, most recently as the Commission's Acting Director of the Division of Investment Management from January to May of 2006. She joined the staff staff in 1985 as a staff attorney in the Office of the General Counsel.
  • Jeffrey Risinger has been named the agency's acting executive director, replacing Jim McConnell, who retired from the agency last week after 20 years. Risinger joined the SEC in 2005 as director of human resources and has led efforts to improve the strategic human capital management at the agency.
  • Alan Beller, the former SEC official who led the rule-making effort to implement the Sarbanes-Oxley Act, will return this summer to private practice at law firm Cleary Gottlieb Steen & Hamilton. Beller, 56, left his post as director of the SEC's Division of Corporation Finance in February and was replaced by John White, a former partner at New York law firm Cravath, Swaine & Moore, to replace Beller.
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