Make Kitco Your Homepage

Former head of SEC's complex products group goes to private practice

Kitco News

WASHINGTON/NEW YORK (Reuters) - Longtime U.S. Securities and Exchange Commission (SEC) enforcement official Daniel Michael is joining a law firm after more than a decade at the securities regulator.

Michael, who recently left the SEC, will join Skadden, Arps, Slate, Meagher & Flom LLP, the firm said in a statement on Monday. Michael began working for the SEC's enforcement division in October 2010 and most recently ran a unit tasked with investigating potential misconduct of asset-backed securities and other complex financial products.

While at the SEC, he investigated high-profile cases into financial institutions including JPMorgan Chase, led a team to bring charges against Merrill Lynch for violating customer protection rules, and oversaw the agency's first-ever case here against a decentralized finance lender.

Michael will join Skadden's New York office.

"His ten years of SEC Enforcement Division experience, including his leadership of the nationwide group handling some of the SEC's most complex cases, will undoubtedly prove extremely valuable to our clients," said David Meister, David Meister, head of the firm's government enforcement and white collar crime group in New York.

Reporting by Chris Prentice and Lawrence DeLevingne

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.