Beller joins new, user-friendly SEC

The latest appointment at the US SEC reveals the extent to which the regulator is refashioning itself.

New appointments at the US Securities and Exchange Commission SEC do not usually get Asian financial editors very excited. But the news yesterday that Alan Beller is to join the SEC as Director of the Division of Corporation Finance as well as Senior Counsel to the Commission is very interesting. It shows how serious the new-look SEC is in becoming more market minded when it comes to the regulation of the US capital markets.

Beller is a leading international securities and derivatives lawyer who has been a partner at US law firm Cleary, Gottlieb, Steen Hamilton since 1984. This crucially means that he will bring fresh winds of commercial sense into the fusty old world...

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