the Security and Trade Commission (SEC) appointed Renee jones at the head of Corporate Finance Division and John coates as General Counsel of the SEC effective June 21, the SEC said ad Monday (June 14).
Jones was the Associate Dean for Academic Affairs at Boston College Law School and also taught law there. She was previously a lawyer at Hill & Barlow, according to the announcement.
âStrong public disclosure has been a hallmark of effective securities regulation since the 1930s,â SEC Chairman said Gary Gensler in the ad. âRenee brings extensive corporate governance and securities law expertise to the Division of Corporation Finance. His leadership will be invaluable as the division facilitates disclosure under our current rules and undertakes rule modernization to meet today’s challenges.
Jones said in the announcement that she has a “critical role” in ensuring that every investor has the right details to make “informed investment decisions.”
Coates has been the SEC’s interim director of the Division of Corporation Finance since February, according to the announcement. Prior to that he was a law professor at Harvard University, where he was also vice-dean of finance and strategic initiatives. Previously, Coates was a partner at Wachtell, Lipton, Rosen & Katz.
“In just two months, I have come to rely on John’s extensive expertise and judgment, qualities essential in the role of General Counsel,” Gensler said in the announcement.
Coates said in the announcement that he wanted to continue his work in helping the SEC fulfill its “mission to protect investors,” while ensuring that there are “fair, orderly and efficient markets” and by facilitating “capital formation”.
In separate SEC news, Gensler said in a speech at the Piper Sandler Global Exchange & FinTech conference earlier this month that he was studying audits of laws regulating the US stock market. The federal agency is reviewing changes to legislation that regulates how stocks are traded and how prices are set.