Halloran, Deputy Chief of Staff and Counselor to The Chairman, to Leave SEC

The Securities and Exchange Commission has announced that Michael J. Halloran, Counselor to the Chairman and Deputy Chief of Staff, will leave the agency in May, with plans to return to the private sector. “Mike has had an enormous impact during his time at the agency, and will leave behind a substantial legacy of accomplishments,” said SEC Chairman Christopher Cox. “He has served with distinction, and all of us who worked with him at the agency are grateful for his leadership, his commitment to public service, and for the opportunity to work with him.” Since coming to the SEC in 2006, Mr Halloran assisted in the Commission’s management and advised its efforts to promote investor protection, healthy and fair markets, and capital formation. In particular, he played a key role as the Commission strengthened the investor protections under Section 404 of the Sarbanes-Oxley Act while reducing unnecessary costs, especially for smaller companies, through the adoption of Management Guidance on its internal controls assessment and of Public Company Oversight Board Audit Standard No. 5 to replace the prior Audit Standard No. 2 on the internal controls audit.

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