SEC’s Fort Worth Office Promotes Jessica Magee to Associate Director

Photo: Bloomberg

The US Securities and Exchange Commission (SEC) has named Jessica B. Magee as the newest regional associate director of its Fort Worth office, according to a regulatory filing.

Ms. Magee succeeds David Peavler, who left the SEC last month after more than 15 years of public service.

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Jessica has held several roles with the regulatory authorities, including most recently a position as Regional Trial Counsel at the top US watchdog. In this capacity, she was involved with the agency’s investigative and oversight activities in connection with a wide variety of banking, securities, housing and insurance matters.

Ms. Magee also worked as Assistant Regional Director in 2015. She originally joined the SEC as a Staff Attorney in the enforcement division in 2010, focusing on legislative oversight to strengthen US capital markets and promote capital formation.

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In her new role, she will be focusing on a broader mandate where she leads more than 60 attorneys and other professionals responsible for investigating violations of the federal securities laws.

During Magee’s tenure, the Fort Worth office launched enforcement actions that targeted fraud in oil and gas ventures. For example, the SEC highlighted in its statement the case of Royal Dutch Shell, which paid $120 million to settle fraud charges arising from its 4.5 billion barrel proved reserves misstatement. It also went after Millennium Bank and its founder, who operated a $100 million international Ponzi scheme.

According to Stephanie Shamoil Shipchandler, Director of the Fort Worth Regional Office, in a statement on the appointment: “During her tenure, Jessica has successfully resolved some of the most complex and challenging cases in our office. And with this base of substantive knowledge, Jessica adds a unique vision and leadership style. We are thrilled to have her lead our talented enforcement staff.”

Ms. Magee added: “I am grateful for the opportunity to serve, and I am excited to lead Fort Worth’s enforcement team. In our diverse and complex region, we will continue to protect investors while adapting to meet the continuing challenges of technology and sophistication.”