SEC Press press_release 5 KB 2,095 chars

David B. Smith, Jr., Associate Director, Division of Investment Management, to Leave Commission

Release: 2005-156

summary

David B. Smith, Jr. left the SEC voluntarily to join the Mutual Fund Directors Forum, with no fraud, charges, or legal misconduct alleged in the press release.

paragraph

David B. Smith, Jr. announced his departure from the SEC’s Division of Investment Management, where he served as Associate Director since 2001, overseeing regulation of investment companies and utility holding companies under the Investment Company Act of 1940 and the Public Utility Holding Company Act of 1935. He is joining the Mutual Fund Directors Forum as Executive Vice President for Policy and Legal Affairs, a non-profit focused on improving mutual fund governance. No fraud, financial penalties, or legal violations are mentioned—his departure is framed as a routine professional transition with high praise from SEC leadership.

narrative

David B. Smith, Jr., Associate Director of the SEC’s Division of Investment Management since 2001, announced his departure from the Commission in November 2005 to join the Mutual Fund Directors Forum as Executive Vice President for Policy and Legal Affairs. In his SEC role, he was responsible for evaluating exemption applications under the Investment Company Act of 1940 and overseeing registered and exempt utility holding companies under the Public Utility Holding Company Act of 1935. Prior to becoming Associate Director, he served as Assistant General Counsel and staff attorney in the SEC’s Office of the General Counsel from 1996 to 2001. Before joining the SEC, Smith worked as an associate at Shea & Gardner and clerked for Judge Douglas H. Ginsburg on the D.C. Circuit Court of Appeals. He holds a magna cum laude J.D. from Harvard Law School, an M.A. from the University of Chicago, and a B.A. from Carleton College. Acting Director Meyer Eisenberg praised Smith’s intellect and management skills, calling him a valued colleague who will be greatly missed. The press release makes no mention of any fraud, misconduct, investigation, or legal consequences—only a routine and celebrated career transition.

Enriched metadata

Scheme: non-corporate (100%)

Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →

Extracted insights

Entities 3

person carleton college
person meyer eisenberg
agency Securities and Exchange Commission

Triples 16

David B. Smith, Jr. is Associate Director, Division of Investment Management
David B. Smith, Jr. will leave SEC
David B. Smith, Jr. will become Executive Vice President for Policy and Legal Affairs, Mutual Fund Directors Forum
David B. Smith, Jr. evaluated applications for exemption from Investment Company Act of 1940
David B. Smith, Jr. oversaw activities of registered and exempt utility holding companies under Public Utility Holding Company Act of 1935
David B. Smith, Jr. became Associate Director Public Utility and Investment Company Regulation
David B. Smith, Jr. served as Assistant General Counsel for Investment Management, 1998-2001
David B. Smith, Jr. served as staff attorney and Senior Counsel, Office of General Counsel
David B. Smith, Jr. joined SEC
David B. Smith, Jr. was associate at Shea & Gardner law firm
David B. Smith, Jr. served as Law Clerk to Judge Douglas H. Ginsburg, United States Court of Appeals for D.C. Circuit, 1993-1994
David B. Smith, Jr. graduated from Harvard Law School, magna cum laude
David B. Smith, Jr. earned M.A. from University of Chicago
David B. Smith, Jr. received B.A. from Carleton College
Meyer Eisenberg is Acting Director, Division of Investment Management
Mutual Fund Directors Forum is non-profit organization for investment company independent directors

View original SEC press releasesec.gov

Extracted body text (2,095c)

David B. Smith, Jr., Associate Director, Division of Investment Management, to Leave Commission FOR IMMEDIATE RELEASE 2005-156 Washington, D.C., Nov. 1, 2005 - David B. Smith, Associate Director (Public Utility and Investment Company Regulation) of the Division of Investment Management, announced today that he will leave the Commission later this month to become Executive Vice President for Policy and Legal Affairs for the Mutual Fund Directors Forum, a non-profit organization for investment company independent directors dedicated to improving mutual fund governance by promoting the development of concerned and well-informed independent directors. As Associate Director, Mr. Smith's responsibilities included evaluating applications for exemption from the Investment Company Act of 1940 and its rules. Mr. Smith was also responsible for overseeing the activities of registered and exempt utility holding companies under the Public Utility Holding Company Act of 1935. Meyer Eisenberg, Acting Director of the Division of Investment Management said, "David has had an outstanding career at the Commission. His keen intellect and strong management skills have served us well. David is a valued colleague, and he will be greatly missed." Mr. Smith became Associate Director (Public Utility and Investment Company Regulation) in 2001. From 1998-2001, Mr. Smith served as the Assistant General Counsel for Investment Management with the Commission's Office of the General Counsel. Prior to that he was a staff attorney, then Senior Counsel, with the same Office. Prior to joining the Commission in 1996, Mr. Smith was an associate in the law firm of Shea & Gardner, focusing on corporate and litigation issues. During 1993-1994, Mr. Smith served as a Law Clerk to Judge Douglas H. Ginsburg of the United States Court of Appeals for the D.C. Circuit. Mr. Smith, 39, graduated magna cum laude from Harvard Law School, earned his M.A. from the University of Chicago, and received his B.A. from Carleton College. http://www.sec.gov/news/press/2005-156.htm Home | Previous Page Modified: 11/01/2005

OCR text (2,095c · plain-text · 99% conf)