The U.S. Securities and Exchange Commission said on Monday that it has appointed Kurt L. Gottschall, who has been working at the agency for nearly two decades, to head its Denver office, whose jurisdiction includes seven states.
Gottschall began his career with the US top regulator as a staff attorney in the Denver office’s Division of Enforcement in 2000, before becoming a branch chief in 2003, and an assistant regional director in 2010.
Later in 2012, Gottschall moved to the asset management unit, which investigates misconducts by investment advisers and investment companies. Since 2016, he served as Associate Regional Director for enforcement in the Denver office.
What is Paper Trading and Why it Matters?Go to article >>
Throughout his career, Gottschall has supervised probes of numerous enforcement matters related to various securities law violations. The announcement notes several of Gottschall’s career highlights, which include bringing fraud charges against the promoters of a $30 million Ponzi scheme and a financial fraud case against six executives of an insurance agency.
Denver Office Gets New Chief
In his new position, Gottschall leads a staff of approximately 100 experts to implement the national examination program’s strategies for investor protection and market integrity at a time of significant regulatory change. He will be responsible for the examination of broker-dealers, investment companies, investment advisers, and transfer agents across Colorado, Kansas, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming.
Following US President Donald J. Trump’s taking of office in 2017, several high-level officials have vacated their positions at the nation’s top financial watchdogs, including the CFTC, leaving the agencies scrambling to plug the holes.
Announcing the appointment, Stephanie Avakian, Co-Director of the SEC’s of enforcement division said: “Kurt is highly respected throughout the Denver office’s jurisdiction. During his 18-year career at the SEC, he has established an outstanding track record for evaluating, managing and producing significant and varied enforcement cases.”