Washington, D.C. — Commodity Futures Buying and selling Fee (CFTC) Commissioner Christy Goldsmith Romero introduced at the moment that Scott Lee will function her Senior Counsel and Coverage Advisor.
“I’m thrilled to welcome Scott again to the CFTC after his work on the SEC and Home Monetary Companies,” mentioned Commissioner Goldsmith Romero. “Scott is a seasoned market regulator with deep experience within the regulation of monetary devices, monetary establishments and intermediaries, and market infrastructure,” she added. “With derivatives markets on the heart of our economic system, Scott’s decade of regulatory expertise will assist information me in making certain that markets work effectively and in selling market resilience to rising danger.”
Commissioner Goldsmith Romero emphasised, “I’ve been notably impressed by his give attention to retail investor protections. That focus mixed along with his expertise with digital belongings on the CFTC, SEC, and Home Monetary Companies, will probably be key in figuring out much-needed buyer protections and monetary stability measures. It is going to additionally assist me in sponsoring the Know-how Advisory Committee, which stands on the heart of regulatory legislation, coverage, and expertise.”
“From her time on the SEC, to her position as SIGTARP’s Particular Inspector Common, Commissioner Goldsmith Romero has a confirmed monitor report of combating for investor and buyer protections,” mentioned Mr. Lee. “She is a considerate chief with a no-nonsense and sensible strategy to making sure the integrity of our monetary markets, and that these markets perform effectively in order that our economic system continues to be resilient, vibrant, and the most effective on the earth. It’s an honor to assist her efforts to drive forth the imaginative and prescient of creating the CFTC the worldwide normal for derivatives regulation, particularly because it pertains to monetary innovation, digital belongings, and different expertise.”
Scott rejoins the CFTC from the Securities and Alternate Fee the place he labored within the Division of Funding Administration. In that position, amongst different issues, Scott labored to guard retail traders by way of the evaluation and evaluate of registration statements for full and truthful disclosure. He additionally labored on rulemakings, shareholder proposals, and promoted transparency. Whereas on the SEC, he was detailed to the U.S. Home Committee on Monetary Companies the place he labored on the Subcommittee on Investor Safety, Entrepreneurship and Capital Markets. He suggested on securities and monetary markets, cryptocurrency, increasing entry to the monetary system, and the way expertise is reshaping the monetary system. He labored on quite a lot of hearings associated to digital belongings and the way forward for finance, oversight of exchanges, bond rankings, and danger in U.S. and world monetary markets.
Scott has spent 11 years in public service, serving in authorized roles on the SEC, CFTC, and as counsel to Congresswoman Mazie Hirono. On the CFTC, he served for seven years within the Workplace of Chief Counsel, Division of Swap Vendor and Middleman Oversight, now generally known as the Markets Members Division. In that position, he engaged with digital asset platforms and repair suppliers, interacted with international regulators to make sure that their registrants are compliant with CFTC laws, and represented the CFTC at anti-money laundering conferences with different federal businesses.
Previous to his public service, Scott served as regulatory litigation counsel at Credit score Suisse the place he performed inside investigations and labored on issues earlier than the CFTC, SEC, NFA, and FINRA. Previous to that, he labored for 5 years at FINRA within the Market Regulation Division. Whereas at school, he served as a legislation clerk within the Los Angeles County District Lawyer’s Workplace the place he first chaired 11 trials.
Scott obtained his LLM in Securities and Monetary Regulation from the Georgetown College Regulation Heart. He obtained his Juris Doctorate from American College. He graduated from the College of Southern California the place he obtained his Bachelor of Science, Public Coverage and Administration. His hometown is Alhambra, California.