U.S. Securities and Exchange Commission appoints new general counsel
U.S. Securities and Exchange Commission – SEC announced the appointment of John Coates (pictured above) as the commission’s general counsel. Taking over Coates’ previous SEC position in that division will be Renee Jones (pictured below), the first Black woman to lead one of the SEC’s four major divisions. The move comes on the heels of new SEC Chairman Gary Gensler’s April Senate confirmation. Both Coates and Jones will take on their new roles effective June 21.
John C. Coates
John C. Coates joined the regulatory body’s investor advisory committee in 2016 as the acting director of the SEC’s division of corporation finance. Prior to joining the SEC, John was the John F. Cogan Professor of law and economics at Harvard university, where he also served as vice dean for finance and strategic initiatives. Before joining the faculty at Harvard, he was a partner at Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and financial institutions. He has testified before Congress and provided consulting services to the U.S. Department of Justice, the U.S. Department of Treasury, the New York Stock Exchange, and participants in financial markets, including hedge funds, investment banks, and private equity funds. He served as a Department of Justice-appointed independent monitor for a large, systemically important financial institution and as an independent consultant to the SEC in one of the first fair fund distributions. He also served on the SEC’s investor advisory committee, for which he chaired the investor-as-owner subcommittee.
Jones most recently served as professor of law and associate dean for academic affairs at Boston College law school, where she taught courses in corporations, securities regulation, startup company governance, and financial regulation. Previously, she represented private and public companies on corporate and securities matters at Hill & Barlow law firm. Jones is a member of the American Law Institute and has served as the co-chair of the securities law committee of the Boston Bar Association.