Troy A. Paredes has served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) since August 1, 2008. Commissioner Paredes was appointed to the SEC by President
George W. BushGeorge Walker Bush was the 43rd President of the United States from 2001 to 2009 and the 46th Governor of Texas from 1995 to 2000....
on June 30, 2008 to replace
Paul S. AtkinsPaul S. Atkins is the cofounder of Patomak Partners, where he currently serves as a managing director. Prior to co-founding Patomak Partners, Mr. Atkins was a commissioner for the SEC from July 9, 2002 until his term's completion in August 2008....
, a Republican commissioner, who was retiring at the end of his term.
After graduating from law school, Troy A. Paredes practiced law in California at prominent national law firms working on a variety of transactions and legal matters involving financings, mergers and acquisitions, and corporate governance.
According to a 2008
Directorship report, "Paredes was a member of the corporate securities group at
Irell & ManellaIrell & Manella LLP was founded in 1941 by lawyers Lawrence E. Irell and Arthur Manella , and has grown to 220 lawyers. It currently has two locations in Southern California: Century City and Newport Beach. Irell is well known for both intellectual property litigation and general business...
, an associate in the corporate and energy and natural resources departments at
Steptoe & JohnsonSteptoe & Johnson LLP is a Washington, D.C.-based law firm with over 450 attorneys working out of eight offices around the world. It was founded in 1913 in West Virginia. It should not be confused with Steptoe & Johnson PLLC, a West Virginia-based regional firm that is also descended from the same...
, and worked in the corporate department at O'Melveny & Myers." A slightly earlier Wall Street Journal Law Blog article reports most of this information, adding that Paredes "focus[ed] on leveraged buyouts,
mergers and acquisitionsThe phrase mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another...
and other financings."
Troy A.
Troy A. Paredes has served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) since August 1, 2008. Commissioner Paredes was appointed to the SEC by President
George W. BushGeorge Walker Bush was the 43rd President of the United States from 2001 to 2009 and the 46th Governor of Texas from 1995 to 2000....
on June 30, 2008 to replace
Paul S. AtkinsPaul S. Atkins is the cofounder of Patomak Partners, where he currently serves as a managing director. Prior to co-founding Patomak Partners, Mr. Atkins was a commissioner for the SEC from July 9, 2002 until his term's completion in August 2008....
, a Republican commissioner, who was retiring at the end of his term.
Legal career
After graduating from law school, Troy A. Paredes practiced law in California at prominent national law firms working on a variety of transactions and legal matters involving financings, mergers and acquisitions, and corporate governance.
According to a 2008
Directorship report, "Paredes was a member of the corporate securities group at
Irell & ManellaIrell & Manella LLP was founded in 1941 by lawyers Lawrence E. Irell and Arthur Manella , and has grown to 220 lawyers. It currently has two locations in Southern California: Century City and Newport Beach. Irell is well known for both intellectual property litigation and general business...
, an associate in the corporate and energy and natural resources departments at
Steptoe & JohnsonSteptoe & Johnson LLP is a Washington, D.C.-based law firm with over 450 attorneys working out of eight offices around the world. It was founded in 1913 in West Virginia. It should not be confused with Steptoe & Johnson PLLC, a West Virginia-based regional firm that is also descended from the same...
, and worked in the corporate department at O'Melveny & Myers." A slightly earlier Wall Street Journal Law Blog article reports most of this information, adding that Paredes "focus[ed] on leveraged buyouts,
mergers and acquisitionsThe phrase mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another...
and other financings."
Academic Life
Troy A. Paredes began his academic career as a
ProfessorThe meaning of the word professor varies. In some English-speaking countries, it refers to a senior academic who holds a departmental chair, especially as head of the department, or a personal chair awarded specifically to that individual...
of
LawLaw is a system of rules, usually enforced through a set of institutions. It shapes politics, economics and society in numerous ways and serves as a primary social mediator of relations between people. Contract law regulates everything from buying a bus ticket to trading on derivatives markets...
in 2001 and
BusinessA business is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself...
in 2007 (by courtesy) at
Washington University in St. LouisWashington University in St. Louis is a nonsectarian, private research university located in suburban St. Louis, Missouri. Founded in 1853 and named for George Washington, the university has students and faculty from all fifty U.S. states and more than one hundred and twenty five nations...
. He has also visited at UCLA as well as
Georgetown UniversityGeorgetown University is a Jesuit private university located in Georgetown, Washington, D.C. Father John Carroll founded the school in 1789, though its roots extend back to 1634. While the school struggled financially in its early years, Georgetown expanded into a branched university after the...
and is currently on leave. He has authored numerous academic articles and is a co-author (beginning with the 4th edition) of a multi-volume securities regulation treatise with
Louis LossLouis Loss was a legal scholar considered by many to be the intellectual father of modern securities law. He is best known for his treatise Securities Regulation, which is still considered to be the definitive authority on the subject and which has been cited over 50 times by the Supreme Court of...
and
Joel SeligmanJoel Seligman is the current President of the University of Rochester, in Rochester, New York, and is one of the leading authorities on securities law in the U.S.....
entitled
Securities Regulation.
Educational Background
Troy A. Paredes graduated from the University of California at Berkeley with a bachelor’s degree in economics in 1992. He went on to receive his J.D. from
Yale Law SchoolYale Law School, or YLS, is the law school of Yale University in New Haven, Connecticut. Established in 1843, the school offers the J.D., LL.M., J.S.D., and M.S.L. degrees in law. It also hosts visiting scholars and a number of legal research centers. The school's prestige and small size make its...
in 1996.
Actions on the Commission
According to the WSJ and
Directorship reports, "[i]n working papers in 2006 and 2007, Paredes took issue with a controversial SEC rule increasing oversight of hedge fund advisors. The 2004 rule, adopted despite opposition of Atkins and fellow Republican commissioner
Cynthia GlassmanDr. Cynthia Aaron Glassman of Alexandria, Virginia was a commissioner of the U.S. Securities and Exchange Commission .Cynthia A. Glassman was appointed by President Bush to the U.S. Securities and Exchange Commission and sworn in on January 28, 2002. She served as Acting Chairman during the summer...
, was overturned by a federal appeals court in 2006." The WSJ Law Blog went on to say that Paredes favored the SEC "recommend[ing] best practices and leav[ing] compliance up to the industry."