Richard H. Walker (born 1950) is an American lawyer. He is former general counsel of corporate and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

and former director of the

United States Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(SEC), Division of Enforcement, where he worked for ten years. Before working at the SEC, Walker was a partner at Cadwalader, Wickersham & Taft.

Biography

Walker was born in

Wilmington, Delaware Wilmington ( Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina ...

in 1950. He received a

Bachelor of Arts Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

degree in 1972 from

Trinity College Trinity College may refer to: Australia * Trinity Anglican College, an Anglican coeducational primary and secondary school in , New South Wales * Trinity Catholic College, Auburn, a coeducational school in the inner-western suburbs of Sydney, New ...

Hartford, Connecticut Hartford is the capital city of the U.S. state of Connecticut. It was the seat of Hartford County until Connecticut disbanded county government in 1960. It is the core city in the Greater Hartford metropolitan area. Census estimates since the ...

and was a member of

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal a ...

."Richard H. Walker, Director of Enforcement, to Leave the SEC"
U.S. Securities and Exchange Commission (July 10, 2001). Retrieved March 3, 2011 He received his J.D.

cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sou ...

from

Temple Law School The Temple University James E. Beasley School of Law is the law school of Temple University in Philadelphia, Pennsylvania. It was founded in 1895 and enrolls about 530 students. Student body Admission for fall 2019 entering class was highly comp ...

and was editor-in-chief of the ''Temple Law Quarterly''. Walker's first job after law school was as a

law clerk A law clerk or a judicial clerk is a person, generally someone who provides direct counsel and assistance to a lawyer or judge by researching issues and drafting legal opinions for cases before the court. Judicial clerks often play significant ...

to Chief Judge

Collins J. Seitz Collins Jacques Seitz (June 20, 1914 – October 16, 1998) was a United States circuit judge of the United States Court of Appeals for the Third Circuit. Education and career Born on June 20, 1914, in Wilmington, Delaware, Seitz received an Art ...

of the

U.S. Court of Appeals for the Third Circuit The United States Court of Appeals for the Third Circuit (in case citations, 3d Cir.) is a federal court with appellate jurisdiction over the district courts for the following districts: * District of Delaware * District of New Jersey * East ...

.Profile for Richard H. Walker
nndb.com Retrieved March 4, 2011 In 1976, he began working at Cadwalader, Wickersham & Taft as an associate, becoming a partner in 1983. While working there, he met

Robert Khuzami Robert S. Khuzami (; born August 2, 1956) was the Deputy U.S. Attorney for the United States Attorney's Office for the Southern District of New York until March 22, 2019. He previously was a United States federal prosecutor and Assistant United ...

, who joined the firm as an associate.Ben Hallman
"Second Acts"
''The American Lawyer'' (March 2010) Retrieved January 10, 2011 Walker worked at the SEC for ten years, first as regional director of the SEC's northeast regional office from 1991 to 1996, then as general counsel from 1996 to 1998, when he became the director of enforcement. He was involved with financial fraud cases brought against

W.R. Grace William Russell Grace (May 10, 1832 – March 21, 1904) was an Irish-American politician, the first Roman Catholic mayor of New York City, and the founder of W. R. Grace and Company. Early life Grace was born in Ireland in Riverstown near the ...

, Livent,

Cendant Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses. Although it was based in New Yo ...

Microstrategy MicroStrategy Incorporated is an American company that provides business intelligence (BI), mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze i ...

, Sunbeam Products, Arthur Andersen and

PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

. He also established the SEC's internet enforcement program. He orchestrated the SEC's involvement in undercover

sting operation In law enforcement, a sting operation is a deceptive operation designed to catch a person attempting to commit a crime. A typical sting will have an undercover law enforcement officer, detective, or co-operative member of the public play a role a ...

s including Operation Thorcon and Operation Uptick, which resulted in more than 100 people being charged with

securities fraud Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in los ...

. While at the SEC, he worked under chairmen

Arthur Levitt Arthur Levitt Jr. (born February 3, 1931) is the former Chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission. Widely hailed as a c ...

and

Richard C. Breeden Richard C. Breeden (born December 6, 1949) is a former chairman of the U.S. Securities and Exchange Commission, hedge fund manager, and corporate chairman. Early career Breeden began his career practicing corporate and securities law in New York C ...

and was awarded for his work in a successful appeal in U.S. v. O'Hagan, which upheld the misappropriation theory of

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...

. On October 1, 2001, just days before Deutsche Bank began listing its shares on the

New York stock exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

, it announced that Walker would be joining the bank as general counsel of its corporate and

division, the bank's largest division. In 2004, Khuzami, then working as a

prosecutor A prosecutor is a legal representative of the prosecution in states with either the common law adversarial system or the Civil law (legal system), civil law inquisitorial system. The prosecution is the legal party responsible for presenting the ...

in the

U.S. attorney United States attorneys are officials of the U.S. Department of Justice who serve as the chief federal law enforcement officers in each of the 94 U.S. federal judicial districts. Each U.S. attorney serves as the United States' chief federal c ...

's office in

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

's Southern District of New York, was hired by Walker to come to Deutsche Bank.

Matt Taibbi Matthew Colin Taibbi (; born March 2, 1970) is an American author, journalist, and podcaster. He has reported on finance, media, politics, and sports. A former contributing editor for ''Rolling Stone'', he is an author of several books, co-host o ...

"Why Isn't Wall Street in Jail?"
''

Rolling Stone ''Rolling Stone'' is an American monthly magazine that focuses on music, politics, and popular culture. It was founded in San Francisco, San Francisco, California, in 1967 by Jann Wenner, and the music critic Ralph J. Gleason. It was first kno ...

'' (February 16, 2011). Retrieved March 3, 2011 Walker later recommended Khuzami for the job of SEC enforcement director.

References

External links

* Matt Taibbi
"Is the SEC Covering Up Wall Street Crimes?"
''Rolling Stone'' (August 17, 2011). Retrieved August 18, 2011 {{DEFAULTSORT:Walker, Richard H. American lawyers Living people People associated with Cadwalader, Wickersham & Taft Trinity College (Connecticut) alumni Temple University Beasley School of Law alumni 1950 births