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Two SEC vets move to law firms
09 March 2010
Two senior US Securities and Exchange Commission staff — Daniel Gallagher and Frederic Firestone — have left to join private law firms.
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Securities and Exchange Commission
Daniel Gallagher
Frederic Firestone
Gallagher, a deputy director in the SEC’s division of
trading and markets, has returned to private practice as a partner in the
Washington, DC office of law firm WilmerHale.
Gallagher played an integral role in the SEC’s response to
the financial crisis and other commission initiatives, such as overseeing
issues arising from the bankruptcy of Lehman Brothers, rulemaking to address
issues regarding credit rating agencies, and efforts to facilitate the central
clearing of credit default swaps.
A week before Gallagher’s resignation, Firestone quit to
become a partner in McDermott, Will & Emery in Washington.
He had worked
for the US regulator for more than 12 years and most recently was associate
director of the division of enforcement.
Robert Khuzami, director of the SEC’s division of
enforcement, said: “his contributions to the division’s successes are many and
he will be sorely missed.”