Acting General Counsel Andrew Vollmer to Leave SEC

Washington, D.C., Feb. 18, 2009 (LAWFUEL) – The Securities and Exchange Commission announced today that Andrew N. Vollmer, Acting General Counsel, plans to leave the Commission and return to the private sector.

Mr. Vollmer joined the SEC staff in July 2006 as Deputy General Counsel, and held that position until becoming Acting General Counsel in January 2009. As Deputy General Counsel for Litigation and Adjudication, he had responsibility within the Office of the General Counsel for enforcement matters, appellate cases, and adjudications.

He also was involved in a variety of Commission initiatives, such as:

The proposal and adoption of rules promoting investor protection by addressing the brokerage activities of banks.
The proposal and adoption of a rule to protect fund investors from fraudulent adviser conduct during the time of their investments.
Rules to provide investors with financial information on public companies using interactive data.
The SEC’s memoranda of understanding with the Federal Reserve and the Commodity Futures Trading Commission.

“The Commission has benefited from Andy’s commitment to investor protection, rigorous legal analysis, and concern for fairness,” said SEC Chairman Mary Schapiro. “The nation’s investors and markets are fortunate to have had his sound advice and judgment.”

Mr. Vollmer said, “I am grateful for having had the opportunity to work with the careful and dedicated lawyers in the Office of the General Counsel, the Commissioners, and all of the committed professionals throughout the agency.”

Before joining the SEC, Mr. Vollmer had been in private law practice.

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