NEW YORK, October 15, 2014: U.S. Securities and Exchange Commissioner Daniel M. Gallagher, Jr. will deliver the Fifteenth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law on Thursday, October 16, 2014. The lecture, “The Securities and Exchange Commission – The Next 80 Years,” is hosted by the Fordham Corporate Law Center and sponsored by Morgan, Lewis & Bockius LLP.
Commissioner Gallagher, Jr. was confirmed by the United States Senate in October 2011 and has served the agency in several capacities throughout his career. He first joined the Commission as a summer honors program intern while pursuing his law degree, focusing on enforcement matters. In January 2006, he rejoined the agency, serving first as counsel to SEC Commissioner Paul S. Atkins and later as counsel to SEC Chairman Christopher Cox, working on matters involving the Division of Enforcement and the Division of Trading and Markets.
In 2008, Commissioner Gallagher joined the Division of Trading and Markets as deputy director and served as co-acting director of the Division from April 2009 until January 2010. During this period, he was on the front lines in the agency’s response to the financial crisis. In his role as co-acting director of Trading and Markets, he also served as the inaugural Chairman of Committee 6 of the IOSCO Technical Committee, responsible for addressing matters related to the regulation of credit rating agencies.
Since returning to the agency in 2011, Commissioner Gallagher has focused on initiatives aimed at strengthening our capital markets and encouraging small business capital formation, including staunchly supporting the changes introduced by the JOBS Act. He has also been an outspoken and frequent advocate for conducting a comprehensive holistic review of equity market structure issues; increasing the Commission’s focus on the fixed income markets, both corporate and municipal; addressing the outsized power of proxy advisory firms; and eliminating special privileges for credit rating agencies.
Commissioner Gallagher has also addressed the creeping federalization of corporate governance matters as well as the concerted efforts of special interest groups to manipulate the SEC’s disclosure regime to advance their political agendas. He has been instrumental in educating the markets and investors about the shortcomings of the Dodd Frank Act and the encroachment of bank regulatory measures and prudential regulators into the capital markets. In addition, Commissioner Gallagher has been an outspoken critic of the disturbing trend toward empowering supranational groups to enact “one world” regulation outside established constitutional processes.
The annual A.A. Sommer, Jr. Lecture, established in 2000 by Morgan Lewis, is one of Fordham Corporate Law Center's most significant and influential programs. This lecture series provides a forum for leading regulators and policy-makers to share with Fordham University School of Law's students and faculty and the business community insights into critical problems confronting global financial markets.
The lecture is free and open to the public. A reception will immediately follow the lecture. Register for the event.