Press Release: Andrew Petillon Named Associate Regional Director and Co-Head of Enforcement for the SEC's Pacific Regional Office
Andrew G. Petillon was appointed Associate Regional Director and co-head of the SEC’s Pacific Regional Office Enforcement Program in 2007, having investigated and supervised dozens of securities fraud cases—including late trading, market timing, and investment scams—without being accused of any misconduct himself.
Andrew G. Petillon was named Associate Regional Director and co-head of the SEC’s Pacific Regional Office Enforcement Program in March 2007, overseeing enforcement actions across nine western states. With over 21 years at the SEC, he investigated and supervised high-profile cases involving late trading and market timing at Security Trust Company and Security Brokerage, Inc., as well as recordkeeping and supervision failures at Fidelity Brokerage Services and best execution violations at Portfolio Advisory Services and Renberg Capital Management. He received the SEC’s Supervisory Excellence Award in 2006 for his leadership in enforcement and inspection programs, and holds a law degree from Loyola Law School and a bachelor’s from Pomona College.
Andrew G. Petillon was appointed Associate Regional Director and co-head of the SEC’s Pacific Regional Office Enforcement Program in Los Angeles on March 20, 2007, succeeding in a leadership role overseeing enforcement across California, Arizona, Nevada, Oregon, Washington, Idaho, Montana, Alaska, and Hawaii. With over 21 years of experience at the SEC, he had served in multiple capacities including as a branch chief, staff attorney in enforcement, and assistant regional director in the investment adviser/investment company inspection program. He investigated and supervised dozens of significant cases, including fraudulent late trading and market timing schemes involving Security Trust Company and Security Brokerage, Inc., as well as enforcement actions against Fidelity Brokerage Services for recordkeeping violations and Portfolio Advisory Services and Renberg Capital Management for best execution failures. In 2006, he received the SEC’s Supervisory Excellence Award for his outstanding performance in both enforcement and inspection roles. SEC leadership, including Director Linda Chatman Thomsen and Pacific Regional Office Director Randall R. Lee, praised his deep expertise in securities law, enforcement, corporate finance, and investment management. Petillon earned his bachelor’s degree from Pomona College in 1982 and his law degree from Loyola Law School in 1985. The announcement was an official promotion, not a report of misconduct, and underscored his reputation as a respected and collaborative leader.
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- person andrew petillon
- person linda chatman thomsen
- person randall r. lee
- agency the securities and exchange commission
- Andrew Petillon Named Associate Regional Director and Co-Head of Enforcement for the SEC's Pacific Regional Office
- The Securities and Exchange Commission announced the appointment of Andrew G. Petillon as an Associate Regional Director for Enforcement in the Commission's Pacific Regional Office
- Mr. Petillon will serve as co-head, with Michele Wein Layne, of the Los Angeles office's enforcement program
- Mr. Petillon is currently an assistant regional director in the Los Angeles office's investment adviser/investment company inspection program
- Mr. Petillon has a total of over 21 years of experience at the Commission in different capacities
- Mr. Petillon received the Commission's Supervisory Excellence Award based on his outstanding performance as both an enforcement branch chief and as an assistant regional director in the inspection program
- Linda Chatman Thomsen said Andrew is an outstanding lawyer with a deep background in the enforcement, investment management, and corporation finance arenas
- Randall R. Lee added Not only does Andrew have the proven ability to lead enforcement and inspection teams on challenging and complex matters, he is an accomplished manager whose thoughtful and collaborative approach is widely respected
- Mr. Petillon investigated and/or supervised dozens of cases of nearly every type in all major program areas
- Mr. Petillon supervised or handled a complaint against Security Trust Company, N.A. and three former executives for facilitating and participating in fraudulent mutual fund late trading and market timing schemes
- Mr. Petillon supervised or handled an action against Fidelity Brokerage Services for violating recordkeeping requirements and failing to reasonably supervise its employees
- Mr. Petillon supervised or handled an emergency action against Security Brokerage, Inc. and its president, Daniel Calugar, for a late trading and market timing scheme
- Mr. Petillon supervised or handled significant cases against Portfolio Advisory Services and Renberg Capital Management involving best execution violations
- Mr. Petillon earned his bachelor's degree from Pomona College in 1982
- Mr. Petillon earned his law degree from Loyola Law School in 1985
Andrew Petillon Named Associate Regional Director and Co-Head of Enforcement for the SEC's Pacific Regional Office FOR IMMEDIATE RELEASE 2007-48 Washington, D.C., March 20, 2007 - The Securities and Exchange Commission announced today the appointment of Andrew G. Petillon as an Associate Regional Director for Enforcement in the Commission's Pacific Regional Office, located in Los Angeles. In his new position, Mr. Petillon will serve as co-head, with Michele Wein Layne, of the Los Angeles office's enforcement program, which consists of a large staff of attorneys and accountants who investigate and prosecute federal securities law violations in California, Arizona, Nevada, Oregon, Washington, Idaho, Montana, Alaska, and Hawaii. Mr. Petillon, 46, is currently an assistant regional director in the Los Angeles office's investment adviser/investment company inspection program, where he has served since 2005. He has a total of over 21 years of experience at the Commission in different capacities, including as a branch chief and staff attorney in the Los Angeles office's enforcement program and as a staff attorney in the Commission's Division of Corporation Finance in Washington, D.C. In 2006, Mr. Petillon received the Commission's Supervisory Excellence Award based on his outstanding performance as both an enforcement branch chief and as an assistant regional director in the inspection program. Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "Andrew is an outstanding lawyer with a deep background in the enforcement, investment management, and corporation finance arenas. His wealth of experience and considerable talent will be of enormous value as he helps to lead our enforcement program in Los Angeles." Randall R. Lee, Director of the Commission's Pacific Regional Office, added, "Not only does Andrew have the proven ability to lead enforcement and inspection teams on challenging and complex matters, he is an accomplished manager whose thoughtful and collaborative approach is widely respected. I know he will be an outstanding manager and leader of our enforcement program, and I am delighted to welcome him into this important position." During his tenure in enforcement at the SEC, Mr. Petillon investigated and/or supervised dozens of cases of nearly every type in all major program areas, including accounting and disclosure fraud, market manipulation, insider trading, misconduct by regulated entities, and investment fraud scams. Some of the more noteworthy cases supervised or handled by Mr. Petillon include a complaint against Security Trust Company, N.A. and three former executives for facilitating and participating in fraudulent mutual fund late trading and market timing schemes; an action against Fidelity Brokerage Services for violating recordkeeping requirements and failing to reasonably supervise its employees; an emergency action against Security Brokerage, Inc. and its president, Daniel Calugar, for a late trading and market timing scheme; and significant cases against Portfolio Advisory Services and Renberg Capital Management involving best execution violations. Mr. Petillon earned his bachelor's degree from Pomona College in 1982 and his law degree from Loyola Law School in 1985. http://www.sec.gov/news/press/2007/2007-48.htm Home | Previous Page Modified: 03/20/2007
Andrew Petillon Named Associate Regional Director and Co-Head of Enforcement for the SEC's Pacific Regional Office FOR IMMEDIATE RELEASE 2007-48 Washington, D.C., March 20, 2007 - The Securities and Exchange Commission announced today the appointment of Andrew G. Petillon as an Associate Regional Director for Enforcement in the Commission's Pacific Regional Office, located in Los Angeles. In his new position, Mr. Petillon will serve as co-head, with Michele Wein Layne, of the Los Angeles office's enforcement program, which consists of a large staff of attorneys and accountants who investigate and prosecute federal securities law violations in California, Arizona, Nevada, Oregon, Washington, Idaho, Montana, Alaska, and Hawaii. Mr. Petillon, 46, is currently an assistant regional director in the Los Angeles office's investment adviser/investment company inspection program, where he has served since 2005. He has a total of over 21 years of experience at the Commission in different capacities, including as a branch chief and staff attorney in the Los Angeles office's enforcement program and as a staff attorney in the Commission's Division of Corporation Finance in Washington, D.C. In 2006, Mr. Petillon received the Commission's Supervisory Excellence Award based on his outstanding performance as both an enforcement branch chief and as an assistant regional director in the inspection program. Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "Andrew is an outstanding lawyer with a deep background in the enforcement, investment management, and corporation finance arenas. His wealth of experience and considerable talent will be of enormous value as he helps to lead our enforcement program in Los Angeles." Randall R. Lee, Director of the Commission's Pacific Regional Office, added, "Not only does Andrew have the proven ability to lead enforcement and inspection teams on challenging and complex matters, he is an accomplished manager whose thoughtful and collaborative approach is widely respected. I know he will be an outstanding manager and leader of our enforcement program, and I am delighted to welcome him into this important position." During his tenure in enforcement at the SEC, Mr. Petillon investigated and/or supervised dozens of cases of nearly every type in all major program areas, including accounting and disclosure fraud, market manipulation, insider trading, misconduct by regulated entities, and investment fraud scams. Some of the more noteworthy cases supervised or handled by Mr. Petillon include a complaint against Security Trust Company, N.A. and three former executives for facilitating and participating in fraudulent mutual fund late trading and market timing schemes; an action against Fidelity Brokerage Services for violating recordkeeping requirements and failing to reasonably supervise its employees; an emergency action against Security Brokerage, Inc. and its president, Daniel Calugar, for a late trading and market timing scheme; and significant cases against Portfolio Advisory Services and Renberg Capital Management involving best execution violations. Mr. Petillon earned his bachelor's degree from Pomona College in 1982 and his law degree from Loyola Law School in 1985. http://www.sec.gov/news/press/2007/2007-48.htm Home | Previous Page Modified: 03/20/2007