Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis (BUSINESS BOOKS) - Hardcover

Champ, Norm

Hardcover

ISBN 10: 1259861201 ISBN 13: 9781259861208

Publisher: McGraw Hill, 2017

Synopsis

An insider’s look at the SEC and the changes needed to strengthen the U.S. financial system

In 2008, Americans were reeling from the devastating financial crisis that caused the Great Recession. There were searing questions about how the crisis was allowed to happen and calls for immediate reform from Capital Hill, the news media, and the general public. Multiple scandals sent real fear through the investing community and brought unprecedented heat on the Securities and Exchange Commission (SEC). There was little doubt that the SEC had to fix rules that permitted bad behavior, shake off decades of complacency and enforce existing laws.  

Wall Street lawyer Norm Champ spent nearly 20 years dealing with the SEC on behalf of his clients and as an industry representative working to educate the agency about hedge funds. Believing he could help reform the deeply-flawed agency, Champ left his career in the private sector and joined the SEC. As Director of the Division of Investment Management, he became a key player in stabilizing trillions of dollars of investor capital while reenergizing the SEC’s culture and management.

In Going Public, Champ presents a rare, insider’s look at how the SEC operates and explains exactly how the agency impacts the overall economic health of the country. He examines the inner workings of hedge funds, economic policy and politics, investing, and inefficient and frustrating federal agencies. Engrossing and important, this book offers critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the inevitable next crisis.

About this title

About the Author

Norm Champ is a respected thought leader in financial reform, compliance, market theory, and strategy. A former Director of the Division of Investment Management at the SEC, he is currently a partner in the Private Funds Group at global law firm Kirkland & Ellis and a highly sought after speaker throughout the financial world.

From the Back Cover

  Norm Champ has written a truly important and entertaining book about his time at the SEC in the aftermath of the financial crisis of 2008.  It s been said that history doesn t repeat itself but it sure does rhyme.  Norm s policy recommendations will help America learn the lessons of that period to avoid future crises."
--F. William McNabb III, Chairman, President and Chief Executive Officer, The Vanguard Group, Inc.

Going Public is first rate, blending policy, history, and anecdotes like only someone who had a front-row seat can.  Norm Champ's account of the SEC, Dodd-Frank, and the financial crisis is a must read for anybody interested in our economy and how our government actually works."
--Troy A. Paredes, Commissioner, US Securities and Exchange Commission (2008-2013) and Founder, Paredes Strategies LLC

This is a fascinating, exciting and eye-opening chronicle of a citizen-regulator s five-year journey through a noble dream fast becoming a disaster - the federal bureaucracy. Norm Champ delivers an insider s view of the SEC and he offers a reform plan to promote both protection and economic growth. An outstanding book for everyone interested not just in finance but also in good citizenship.
--Barry Strauss, author of The Death of Caesar, Bryce and Edith M. Bowmar Professor of Humanistic Studies, Cornell University.

"In Going Public, Norm Champ shines a powerful light on one of the most important but least understood components of the American government.  The SEC enjoys little of the attention given to Congress, courts, and the president, yet it regulates the largest and most sophisticated capital markets in the world.  Champ's book vividly illustrates the function and dysfunction of the agency charged with policing America's prosperity.  Going Public is an urgent read for anyone who cares about America's financial future."
--William Birdthistle, professor of law, Chicago-Kent College of Law, and author of Empire of the Fund

 

Edition details

• Publisher: McGraw Hill
• Publication date: 2017
• Language: English
• ISBN 10: 1259861201
• ISBN 13: 9781259861208
• Binding: Hardcover
• Edition number: 1
• Number of pages: 256