Michael Campoli Talks to Law360 About Departure of SEC Corporate Finance Director
Counsel Michael Campoli, a member of Pryor Cashman's Corporate Group, was quoted in the December 4, 2012 Law360 article, “SEC Makeover Continues As Corporate Finance Head Bows Out.” The article discusses how the latest departures in U.S. Securities and Exchange Commission leadership may disrupt ongoing rulemaking, such as on the Jumpstart Our Business Startups Act.
Recently, SEC Chairwoman Mary Schapiro said she would step down December 14, 2012, and at the end of the year Meredith Cross, the corporate finance unit director, will also do the same. Schapiro will be replaced by SEC Commissioner Elisse Walter, while a replacement for Cross has yet to be named.
When asked what Cross’s departure meant to the corporate finance division’s rulemaking on the JOBS Act and other matters going forward, Campoli told Law360 that the changes will likely pass without incident. “The overall agenda and philosophy remain largely the same. The deadlines for the rulemakings and other activities haven’t changed.”
To read the entire Law360 article please click here.
