It’s a childish thing to posit, but it’s also justified. Earlier this year the SEC became momentarily devoid of Democrats, following the departure of Roel Campos and Annette Nazareth from the five-strong Commission. Walter Ricciardi also bowed out as deputy director of the division of enforcement to become partner at Paul, Weiss, Rifkind, Wharton & Garrison.
This month has seen its ranks thin yet again: John White, director of division of corporation finance, will leave at year-end, and Brian Cartwright, general counsel, is looking to return to the private sector. The good thing about having worked at the SEC: it’s pretty easy to score a great position no matter what the markets are doing. And when the markets are down, a little SEC insight could be just what firms will be looking to catch.
By Janine Armin
Corporate Secretary magazine