SEC’s Director of Division Overseeing Crowdfunding Steps Downs
Washington, DC – December 4, 2012 – Meredith Cross, who directed the SEC division overseeing the implementation of the Jumpstart Our Business Startups Act and Dodd-Frank Wall Street Reform Act, says she is stepping down to return to the private sector.
Ms. Cross has served as the Director of the Division of Corporation Finance for the Securities and Exchange Commission since June 2009. The Division oversees the disclosures made to investors by more than 9,000 public issuers including registration statements for newly-offered securities, materials distributed in connection with business combination transactions, annual and quarterly filings, and proxy materials sent to shareholders for annual meetings.
Ms. Cross previously was a partner at Wilmer Cutler Pickering Hale and Dorr LLP in Washington D.C. from 1998 to 2009, advising clients on corporate and securities matters. “Meredith has been an exceptional division director and a trusted adviser during this critical time at the Commission,” said Chairman Schapiro. Ms. Schapiro previously announced she will step down as SEC’s chair effective December 31, 2012.
“It has been an honor and a privilege to work with Chairman Schapiro, Chairman-designate Walter and the other members of the Commission, and the remarkably talented and committed staff in the Division of Corporation Finance and throughout the agency during this time of historic changes in our markets and the regulatory landscape,” Ms. Cross said.
Article by A. Brian Dengler