Going Public

A behind-the-scenes look at the SEC in the aftermath of the 2008 global financial crisis and recommendations to help create healthy, free-functioning markets

 

In 2008, Americans were reeling from the devastating financial crisis that caused the Great Recession. There were searing questions about how the crisis was allowed to happen and calls for immediate reform from Capitol Hill, the news media, and the public. Multiple scandals sent real fear through the investing community and brought unprecedented heat on the U.S. Securities and Exchange Commission (SEC). There was little doubt that the SEC had to fix rules that permitted bad behavior, shake off decades of complacency, and start to enforce existing laws.  

Wall street lawyer Norm Champ spent nearly 20 years dealing with the SEC on behalf of his clients and as an industry representative working to educate the agency about hedge funds. Believing he could help reform the deeply-flawed agency, Champ left his career in the private sector and joined the SEC. As Director of the Division of Investment Management, he became a key player in stabilizing trillions of dollars of investor capital while reenergizing the SEC’s culture and management.

In Going Public, Champ presents a rare, insider’s look at how the SEC operates and explains exactly how the agency impacts the overall economic health of the country. He examines the inner workings of hedge funds, economic policy and politics, investing, and inefficient and frustrating federal agencies. Engrossing and important, this book offers critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the next crisis.

 

Norm Champ is a partner in the Investment Funds Group of law firm Kirkland & Ellis LLP and teaches investment management law at Harvard Law School. Previously, he was the director of the Division of Investment Management at the SEC. Under his leadership, the SEC adopted landmark reforms to strengthen the money market mutual fund industry. Champ was also instrumental in creating and implementing initiatives to reorganize the SEC and provide transparency to the industry. He lives in New York City with his wife and four children.

Read more at http://normchamp.com/

* Champ played a key role in stabilizing trillions of dollars of investor capital while reenergizing the SEC’s culture and management.

* Author is regularly consulted as an expert source by the financial media, and numerous financial reporters have praised his tenure at the SEC.

* Packed with headshaking stories that reveal the front lines of bureaucratic warfare over the Obama administration's economic policy

* Regular high-profile speaking engagements have put the author at the forefront of the financial reform conversation.

* Financial reporters from the Wall Street Journal, Think Advisor, and Law360 have praised Champ's tenure at the SEC; journalists regularly turn to him as an expert source

Norm Champ (New York, NY) is a respected thought leader in financial reform, compliance, market theory, and strategy. A former Director of the Division of Investment Management at the SEC, he is currently a partner in the Private Funds Group at global law firm Kirkland & Ellis and a highly sought after speaker throughout the financial world.