Michael Piwowar
Acting Chair of the Securities and Exchange Commission
In office
January 20, 2017 – May 4, 2017
PresidentDonald Trump
Preceded byMary Jo White
Succeeded byJay Clayton
Commissioner of the Securities and Exchange Commission
In office
August 15, 2013 – July 7, 2018
PresidentBarack Obama
Donald Trump
Preceded byMary Jo White
Succeeded byJay Clayton
Personal details
Political partyRepublican
EducationPennsylvania State University, University Park (BA, PhD)
Georgetown University (MBA)

Michael Piwowar is a former American federal government official who served as a Commissioner on the Securities and Exchange Commission from 2013 until 2018.[1]

Education

Piwowar earned a Bachelor of Arts in foreign service and international politics from Pennsylvania State University, Master of Business Administration from Georgetown University, and PhD in finance from Pennsylvania State University.[2]

Career

In 2014, Piwowar was one of only three Ph.D. economists to serve as an SEC commissioner, a rarity for a position normally given to lawyers.[3] After graduating with a Ph.D. from Penn State University, Piwowar taught at Iowa State University. In 2008 and 2009, Piwowar served in the president's Council of Economic Advisers. Then he moved to the Senate, where he was a staffer for Republican senators Mike Crapo and Richard Shelby. Like his Democratic colleague at the SEC, Kara Stein, who was also a Senate staffer, Piwowar helped write the 2010 Dodd–Frank Act.

During his time at the SEC, Piwowar joined with his colleague and senior Republican Daniel Gallagher in dissenting to some of the agency's rules and enforcement actions.[4] Piwowar has asked to observe meetings of Washington's super-regulator, the Financial Stability Oversight Council (FSOC), and criticized it as an "unaccountable capital markets death panel" that lacks transparency.[5][6]

References

  1. ^ "President Obama Announces More Key Administration Posts". whitehouse.gov. 23 May 2013. Retrieved 26 April 2015 – via National Archives.
  2. ^ "SEC.gov | Michael S. Piwowar". www.sec.gov. Retrieved 2020-06-21.
  3. ^ Piwowar, Michael (2014-10-14). "Remarks to the Securities Enforcement Forum 2014". sec.gov. Retrieved 26 April 2015.
  4. ^ "Dissenting From an SEC Windfall For Lawyers". The Wall Street Journal. November 10, 2014. Retrieved 26 April 2015.
  5. ^ ElBoghdady, Dina (January 27, 2014). "SEC's turf threatened, Commissioner Michael Piwowar says". The Washington Post. Retrieved 26 April 2015.
  6. ^ Piwowar, Michael (July 15, 2014). "Remarks at AEI Conference on Financial Stability". Retrieved 26 April 2015.
Political offices Preceded byMary Jo White Chair of the Securities and Exchange CommissionActing 2017 Succeeded byJay Clayton
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