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Monday, August 06, 2007

SEC's Deputy Director of Corporate Finance To Depart

News summary by MFWire's editors

Martin P. Dunn, the SEC's deputy director of the corporate finance division, is leaving the commission at the end of the month to join O'Melveny & Myers LLP as a partner in its Washington D.C. office. During his tenure at the SEC, Dunn played a key role in drafting, implementing and interpreting the federal securities laws, including the significant Sarbanes-Oxley Act of 2002 reforms.


The Securities and Exchange Commission announced today that Martin P. Dunn, Deputy Director of the Division of Corporation Finance, will leave the agency at the end of August to join O'Melveny & Myers LLP as a partner in its Washington D.C. office.

Mr. Dunn served in many roles during his 19 years in the Division of Corporation Finance, including Chief Counsel. As Deputy Director since 2002, Mr. Dunn played a key role in drafting, implementing and interpreting the federal securities laws, including the significant Sarbanes-Oxley Act of 2002 reforms. Furthermore, Mr. Dunn played a critical role in interpreting and applying the Commission's requirements in the proxy and shareholder proposal processes, securities offering reform, plain English, and the Commission's ongoing small business initiatives.

"For two decades, America's investors have had no better friend than Marty Dunn. He has exemplified the ideals of professionalism and service to others that are the hallmark of the SEC," said SEC Chairman Christopher Cox. "As Chairman, I have relied on his sound judgment and solid expertise, and I have enjoyed his quick wit and humble spirit all traits that have made him an outstanding and inspirational leader for the entire Division of Corporation Finance. Marty's substantial legacy of accomplishments will endure for many years to come. All of us at the agency are grateful for having had the opportunity to work with him."

"Marty has served the Commission with true distinction," said John White, Director of the Division of Corporation Finance. "The breadth of his knowledge is legendary and he has an extraordinary talent for finding practical solutions to complex problems. All members of the Division of Corporation Finance will miss Marty's sound counsel, effective guidance, and creative wit."

Mr. Dunn said, "I sincerely thank the Commission for the opportunity to work on behalf of investors for the past 19 years. During that time, I have been humbled to serve with the talented and generous staff of the agency and honored to be part of the Division of Corporation Finance."

Mr. Dunn received his B.B.A. in Finance from the University of Notre Dame in 1985 and his J.D. from The American University's Washington College of Law in 1988. 

Edited by: Erin Kello


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