Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis

Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis

by Norm Champ

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Overview

Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis by Norm Champ

An insider’s look at the SEC and the changes needed to strengthen the U.S. financial system

In 2008, Americans were reeling from the devastating financial crisis that caused the Great Recession. There were searing questions about how the crisis was allowed to happen and calls for immediate reform from Capital Hill, the news media, and the general public. Multiple scandals sent real fear through the investing community and brought unprecedented heat on the Securities and Exchange Commission (SEC). There was little doubt that the SEC had to fix rules that permitted bad behavior, shake off decades of complacency and enforce existing laws.

Wall Street lawyer Norm Champ spent nearly 20 years dealing with the SEC on behalf of his clients and as an industry representative working to educate the agency about hedge funds. Believing he could help reform the deeply-flawed agency, Champ left his career in the private sector and joined the SEC. As Director of the Division of Investment Management, he became a key player in stabilizing trillions of dollars of investor capital while reenergizing the SEC’s culture and management.

In Going Public, Champ presents a rare, insider’s look at how the SEC operates and explains exactly how the agency impacts the overall economic health of the country. He examines the inner workings of hedge funds, economic policy and politics, investing, and inefficient and frustrating federal agencies. Engrossing and important, this book offers critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the inevitable next crisis.

Product Details

ISBN-13: 9781259861208
Publisher: McGraw-Hill Professional Publishing
Publication date: 03/15/2017
Pages: 256
Sales rank: 1,217,300
Product dimensions: 5.90(w) x 8.60(h) x 0.90(d)

About the Author

Norm Champ is a partner in the Investment Funds Group of law firm Kirkland & Ellis LLP and teaches investment management law at Harvard Law School. Previously, he was the director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC). Under his leadership, the SEC adopted landmark reforms to strengthen the money market mutual fund industry. Champ was also instrumental in creating and implementing initiatives to reorganize the SEC and provide transparency to the industry. He lives in New York City with his wife and four children.

Table of Contents

Acknowledgements

Chapter 1: Fish out of Water

Chapter 2: Taking Myself Public

Chapter 3: Punching the Cushion

Chapter 4: PostCrash Triage in the SEC Emergency Room

Chapter 5: No One Mentioned the Wax Museum

Chapter 6: Breaking the Buck Almost Breaks My Back

Chapter 7: Edgar and Friends

Chapter 8: The Volcker Rule and Me

Chapter 9: Report Card

Chapter 10: Preventing the Next Crisis

Notes

Index

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