SEC Director of Corporation Finance Issues Statement on Her Exit

Renee Jones, SEC Director of Corporation Finance, has issued a statement on her final day at the Commission.

Jones thanked SEC Chair Gary Gensler, along with all of the Commissioners as well as several former ones, along with her leadership team.

Jones stated:

“It has been an incredibly busy 20 months for us, and I am proud of all that we have accomplished together. From the 13 rulemaking proposals and 9 final rules approved by the Commission during my tenure to obtaining enhanced disclosure from China-based issuers and on matters such as climate-related risks, the Russia-Ukraine conflict, and risks related to crypto asset securities, our work will contribute to greater market transparency and a higher quality of information to allow investors to make better-informed investment decisions. The results of these efforts will continue to benefit investors and the securities markets for many years to come. Beyond these high-profile matters, I want to thank the staff for all they do on a daily basis to keep the Division running, and to ensure that we are able to deliver on our critical mission.”

Jones, who is returning to teaching at Boston College Law School, said that the Division would thrive under her successor, her former deputy Erik Gerding, who was named last month.

Gerding previously practiced in the New York and Washington, D.C., offices of Cleary Gottlieb Steen & Hamilton LLP, representing clients in the financial services and technology industries. He received an undergraduate degree from Duke University and a J.D. from Harvard Law School.

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