SEC Promotes Long-Time Enforcement Attorney Marc Fagel to Director of San Francisco Region

FOR IMMEDIATE RELEASE
2008-99

Washington, D.C., May 29, 2008 — Securities and Exchange Commission Chairman Christopher Cox today announced the appointment of Marc Fagel as Regional Director of the Commission's San Francisco Regional Office. As Regional Director he will oversee the office's enforcement and examination functions in Northern California and the Pacific Northwest. Mr. Fagel has been Co-Acting Regional Director of the office since the departure of Helane Morrison last year.

Since 2005, Mr. Fagel has served as Associate Regional Director for Enforcement in the San Francisco Regional Office. In that position he oversaw the office's enforcement program. Mr. Fagel has been a member of the San Francisco enforcement staff for more than a decade, having joined in 1997 after several years in private practice.

Chairman Cox said, "Marc is a strong and energetic leader who is passionate about investor protection. His enthusiasm for our mission is contagious, and not only our entire team in San Francisco but investors across the nation are fortunate to have him in this leadership role. I look forward to continuing to work with him on behalf of investors."

Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "It has been a privilege and a pleasure to work with Marc. He and his teams have consistently brought timely and important cases. I look forward to working with him in this new role."

Lori Richards, Director of the SEC's Office of Compliance Inspections and Examinations, added, "Marc has been instrumental in the success of the San Francisco office's enforcement program. He is a tireless leader and manager, and a passionate advocate for investors. He will ably serve investors in the region."

Mr. Fagel said, "During my decade with the Commission, I have had the opportunity to work with some of the most talented and dedicated professionals in government, tackling cutting-edge issues arising out of Silicon Valley and the Pacific Northwest. I consider it a great privilege to serve the Commission's commitment to vigorous securities law enforcement and to lead our office's continuing efforts on behalf of investors throughout the region."

Mr. Fagel graduated from Princeton University in 1988 and received his J.D. degree from the University of Chicago Law School in 1991.

http://www.sec.gov/news/press/2008/2008-99.htm