Press Release: Nancy Morris To Become Secretary of U.S. Securities And Exchange Commission; 2005-174; Dec. 7, 2005
summary
Nancy Morris was appointed Secretary of the U.S. Securities and Exchange Commission in 2006, succeeding Jonathan Katz in a routine, non-adversarial personnel transition with no fraud, charges, or misconduct alleged.
paragraph
Nancy Morris was named Secretary of the U.S. Securities and Exchange Commission on December 7, 2005, to succeed Jonathan Katz, who retired on January 3, 2006, after 23 years of service. Morris brought over two decades of legal and regulatory experience, including prior roles at the SEC’s Office of General Counsel and Division of Investment Management, as well as senior positions at T. Rowe Price and Fidelity Investments. No fraud, financial penalties, or legal charges are mentioned—this was a routine leadership transition highlighting her expertise in investment law and compliance.
narrative
On December 7, 2005, the U.S. Securities and Exchange Commission announced that Nancy Morris would become its new Secretary, succeeding Jonathan Katz, who retired on January 3, 2006, after 23 years of service. Morris, a seasoned securities attorney, had previously served two tours at the SEC—from 1985 to 1992 in roles including Deputy Chief Counsel for the Division of Investment Management—and had spent over a decade in the private sector at T. Rowe Price and Fidelity Investments, where she handled compliance, disclosure, and regulatory policy for mutual funds and investment advisers. Chairman Christopher Cox and Katz both praised her legal acumen, institutional knowledge, and ability to uphold the Commission’s operational standards. Morris was noted for her work on the Investment Company Act, Investment Advisers Act, and key administrative laws like the Freedom of Information Act. Her career included stints at the law firm Sutherland, Asbill & Brennan and leadership roles in global compliance operations. The announcement emphasized that this was a routine, non-adversarial transition, with no allegations of fraud, misconduct, or financial impropriety. The SEC highlighted her deep understanding of market regulation and her readiness to lead the Office of the Secretary during a period of growing public investment in securities markets.
Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Parties
attorney-fellow in the sec's division of investment managementchristopher coxjonathan katznancy morristhe sec in 1985vice president and associate legal counsel to t. rowe price associates
Keywords
commissionmorrisnancy morrissecretarynancymorris becomebecome secretarysecurities exchangeexchange commissionsecretary securitiesinvestment managementsecuritiesbecomeexchangeinvestment
Extracted insights
Entities 6
- agency attorney-fellow in the sec's division of investment management
- person christopher cox
- person jonathan katz
- person nancy morris
- agency the sec in 1985
- company vice president and associate legal counsel to t. rowe price associates
Triples 21
- Christopher Cox announced Nancy Morris would become Secretary of the Commission
- Jonathan Katz retires in January
- Jonathan Katz served for 23 years
- Jonathan Katz served seven chairmen
- Jonathan Katz announced retirement plans in March
- Jonathan Katz will serve until Jan. 3, 2006
- Nancy Morris is Attorney-Fellow in the SEC's Division of Investment Management
- Nancy Morris served since May 2004
- Nancy Morris is responsible for developing rules, interpretations, policy, and research
- Nancy Morris served as attorney in the Office of General Counsel
- Nancy Morris served as Counsel to Commissioner Joseph Grundfest
- Nancy Morris served as Deputy Chief Counsel for the Division of Investment Management
- Nancy Morris served as Vice President and Associate Legal Counsel to T. Rowe Price Associates
- Nancy Morris was responsible for domestic separate account and international legal and global compliance operations
- Nancy Morris served as attorney for Fidelity Investments
- Nancy Morris formulated compliance and disclosure policies for mutual funds
- Nancy Morris was associate for Sutherland, Asbill & Brennan
- Nancy Morris joined the SEC in 1985
- Nancy Morris holds J.D. from the University of Idaho College of Law
- Nancy Morris holds B.A. from Hartwick College
- Nancy Morris is Member of the District of Columbia Bar
Extracted body text (3,366c)
Nancy Morris To Become Secretary of U.S. Securities and Exchange Commission FOR IMMEDIATE RELEASE 2005-174 Washington, D.C., Dec. 7, 2005 - U.S. Securities and Exchange Commission Chairman Christopher Cox announced today that Nancy Morris would become Secretary of the Commission after long-time Secretary Jonathan Katz retires in January. "The Secretary is at the heart of Commission operations," Chairman Cox said. "The Office of the Secretary is officially responsible for coordinating the work of five commissioners, but the judgment and advice rendered by Jack Katz in his 23 years of service to seven chairmen have established a far higher standard. Nancy's experience, inside and outside the Commission, will help us maintain that standard." SEC Secretary Jonathan Katz added, "Nancy has broad experience both at the Commission and in the securities industry. Wherever she has worked she has been highly successful and recognized both for her legal abilities and her ability to work effectively with others. I have known Nancy for more than twenty years. She is a person with great ability and excellent judgment. Chairman Cox has chosen someone who will be an asset to the Commission. I feel honored to have someone of Nancy's caliber succeed me." Mr. Katz's retirement plans were announced in March. He will serve until Jan. 3, 2006. "One of Jack's lasting legacies will be the SEC's well-deserved stature as one of the premier federal agencies," said Nancy Morris. "With more than half of American households invested in the markets, the Commission's importance can only grow. I am excited about taking on this new role, and I look forward to the challenges that lie ahead." Morris is currently an Attorney-Fellow in the SEC's Division of Investment Management. She has served in that capacity since May 2004, and is responsible for developing rules, interpretations, policy, and research to support Commission action. Morris is in her second tour of duty at the SEC. From 1985 until 1992, she served as an attorney in the Office of General Counsel (1985-1987), Counsel to Commissioner Joseph Grundfest (1987-1988), and Deputy Chief Counsel for the Division of Investment Management (1988-1992). Her responsibilities included legislation, policy, and regulations related to the Investment Company Act and the Investment Advisers Act; coordination of the Investment Management Division's international program; and legal analysis of the Administrative Procedures Act and Freedom of Information Act, key laws governing the Commission. In the private sector, Morris served more than a decade as Vice President and Associate Legal Counsel to T. Rowe Price Associates, and prior to that as an attorney for Fidelity Investments. At T. Rowe Price, she was responsible for domestic separate account and international legal and global compliance operations. At Fidelity, she formulated compliance and disclosure policies for mutual funds. Morris was an associate for Washington, D.C.'s Sutherland, Asbill & Brennan, from 1983 until she joined the SEC in 1985. Morris holds a J.D. from the University of Idaho College of Law, where she was Editor-in-Chief of the Idaho Law Review, and a B.A. (cum laude) from Hartwick College. She is a Member of the District of Columbia Bar. # # # http://www.sec.gov/news/press/2005-174.htm Home | Previous Page Modified: 12/07/2005
OCR text (3,366c · plain-text · 99% conf)
Nancy Morris To Become Secretary of U.S. Securities and Exchange Commission FOR IMMEDIATE RELEASE 2005-174 Washington, D.C., Dec. 7, 2005 - U.S. Securities and Exchange Commission Chairman Christopher Cox announced today that Nancy Morris would become Secretary of the Commission after long-time Secretary Jonathan Katz retires in January. "The Secretary is at the heart of Commission operations," Chairman Cox said. "The Office of the Secretary is officially responsible for coordinating the work of five commissioners, but the judgment and advice rendered by Jack Katz in his 23 years of service to seven chairmen have established a far higher standard. Nancy's experience, inside and outside the Commission, will help us maintain that standard." SEC Secretary Jonathan Katz added, "Nancy has broad experience both at the Commission and in the securities industry. Wherever she has worked she has been highly successful and recognized both for her legal abilities and her ability to work effectively with others. I have known Nancy for more than twenty years. She is a person with great ability and excellent judgment. Chairman Cox has chosen someone who will be an asset to the Commission. I feel honored to have someone of Nancy's caliber succeed me." Mr. Katz's retirement plans were announced in March. He will serve until Jan. 3, 2006. "One of Jack's lasting legacies will be the SEC's well-deserved stature as one of the premier federal agencies," said Nancy Morris. "With more than half of American households invested in the markets, the Commission's importance can only grow. I am excited about taking on this new role, and I look forward to the challenges that lie ahead." Morris is currently an Attorney-Fellow in the SEC's Division of Investment Management. She has served in that capacity since May 2004, and is responsible for developing rules, interpretations, policy, and research to support Commission action. Morris is in her second tour of duty at the SEC. From 1985 until 1992, she served as an attorney in the Office of General Counsel (1985-1987), Counsel to Commissioner Joseph Grundfest (1987-1988), and Deputy Chief Counsel for the Division of Investment Management (1988-1992). Her responsibilities included legislation, policy, and regulations related to the Investment Company Act and the Investment Advisers Act; coordination of the Investment Management Division's international program; and legal analysis of the Administrative Procedures Act and Freedom of Information Act, key laws governing the Commission. In the private sector, Morris served more than a decade as Vice President and Associate Legal Counsel to T. Rowe Price Associates, and prior to that as an attorney for Fidelity Investments. At T. Rowe Price, she was responsible for domestic separate account and international legal and global compliance operations. At Fidelity, she formulated compliance and disclosure policies for mutual funds. Morris was an associate for Washington, D.C.'s Sutherland, Asbill & Brennan, from 1983 until she joined the SEC in 1985. Morris holds a J.D. from the University of Idaho College of Law, where she was Editor-in-Chief of the Idaho Law Review, and a B.A. (cum laude) from Hartwick College. She is a Member of the District of Columbia Bar. # # # http://www.sec.gov/news/press/2005-174.htm Home | Previous Page Modified: 12/07/2005