Pick for Top Wall Street Cop Has Defended Bank ExecsTweet
March 7, 2013
The leading candidate for the job of chief of enforcement at the Securities and Exchange Commission (SEC) formerly defended JPMorgan and a chief executive of Bank of America, according to a New York Times article.
Andrew J. Ceresney is the top candidate for the enforcement chief position once Mary Jo White is confirmed as head of the SEC. Ceresney has long been White’s lieutenant and has followed a similar path from government to Wall Street and back.
From the New York Times article:
After working at the United States attorney’s office in Manhattan, he built a lucrative legal practice at Debevoise & Plimpton. At the firm, he represented the likes of Kenneth D. Lewis, former chief executive of Bank of America who faced regulatory investigations over the bank’s hasty takeover of Merrill Lynchduring the depths of the financial crisis.
Mr. Ceresney, who defended JPMorgan from federal inquiries into wrongful foreclosure practices, also worked side by side with clients under scrutiny for selling troubled mortgage securities at the height of the housing boom.
Read more about Ceresney and the new team that will enforce financial regulations at The New York Times.
Andre Francisco is the Online Producer for the Project On Government Oversight.
Topics: Financial Sector
Authors: Andre Francisco
- September 15, 2015
- August 24, 2015
- August 20, 2015
- August 14, 2015
- August 12, 2015
- August 10, 2015
- July 23, 2015
- July 23, 2015
Browse POGOBlog by Topic
POGO on Facebook
Podcast; Social Media, Internet Provides Opportunities, Challenges for Lawmakers
The Congressional Management Foundation offers the Gold Mouse Awards annually to members of Congress who make the most of the opportunity the digital world offers them. POGO spoke with members of Rep. Mike Honda's communications team about their award.