Troy A. Paredes served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) from August 1, 2008 to August 3, 2013.SEC - Press Release: Troy Paredes Sworn In as SEC Commissioner, August 1, 2008
/ref> Commissioner Paredes was appointed to the SEC by President

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

on June 30, 2008 to replace Paul S. Atkins, a Republican commissioner, who was retiring at the end of his term."Bush to Tap Law Prof for SEC"
Posted by Jamie Heller, May 6, 2008, 2:04 pm, with partial credit to the DJ wire report, by Judith Burns and Henry Pulizzi. Retrieved 2-1-09. Paredes was replaced by Michael Piwowar who was sworn in on August 15, 2013.

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 & Manella Irell & Manella LLP is an American law firm founded in 1941 by lawyers Lawrence E. Irell (1912–2000) and Arthur Manella (1917–1997). It has approximately 70 lawyers (down from a high of over 220), and placed 183rd on The American Lawyer's 20 ...

, an associate in the corporate and energy and natural resources departments at

Steptoe & Johnson Steptoe & Johnson LLP is an international law firm headquartered in Washington, D.C. with offices in New York City, Los Angeles, Chicago, San Francisco, London, Brussels, Beijing, and Hong Kong. History Philip Steptoe and Louis A. Johnson, both ...

, and worked in the corporate department at O'Melveny & Myers.""Paredes to Succeed Atkins at SEC"
''Directorship: Board Intelligence'' May 09, 2008. Retrieved 2-1-09. A slightly earlier ''

Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' Law Blog article reports most of this information, adding that Paredes "focus don

leveraged buyouts A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

and other

financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

s."

Academic life

Paredes began his academic career as a

Professor Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professors ...

Law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been vario ...

in 2001 and Business in 2007 (by courtesy) at

Washington University in St. Louis Washington University in St. Louis (WashU or WUSTL) is a private research university with its main campus in St. Louis County, and Clayton, Missouri. Founded in 1853, the university is named after George Washington. Washington University is r ...

. He has also visited at

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a teachers college then known as the southern branch of the California ...

as well as

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

and is currently a Distinguished Policy Fellow and Lecturer at the

University of Pennsylvania Law School The University of Pennsylvania Carey Law School (also known as Penn Law or Penn Carey Law) is the law school of the University of Pennsylvania, a private research university in Philadelphia, Pennsylvania. It is among the most selective and oldes ...

. 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 Loss Louis Loss (June 11, 1914 – December 13, 1997) was a legal scholar considered by many to be the intellectual father of modern securities law. He served as the William Nelson Cromwell Professor of Law Emeritus at Harvard Law School. He is best ...

and

Joel Seligman Joel Seligman (born January 11, 1950) is an American legal scholar and former academic administrator. He served as the 10th president of the University of Rochester, in Rochester, New York, from 2005 to 2018. Seligman is also one of the leading au ...

entitled ''Securities Regulation''.''Securities Regulation'' (2007 Supplement)
Amazon listing, hardcover: 1204 pages, publisher Walters Kluwer Aspen, isted as (versus above)3rd Edition (2007), . Retrieved 2-1-09.

Educational background

Paredes graduated from the

University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant uni ...

with a bachelor's degree in economics in 1992. He went on to receive his J.D. from

Yale Law School Yale Law School (Yale Law or YLS) is the law school of Yale University, a private research university in New Haven, Connecticut. It was established in 1824 and has been ranked as the best law school in the United States by '' U.S. News & Worl ...

in 1996.

Actions on the Commission

According to the ''

(''WSJ'') and ''Directorship'' reports, " 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 Glassman Dr. Cynthia Aaron Glassman of Alexandria, Virginia was a commissioner of the U.S. Securities and Exchange Commission (SEC) as well as the Under Secretary for Economic Affairs. She served as acting chair from July 1, 2005 to August 3, 2005. She ...

, was overturned by a federal appeals court in 2006." The ''WSJ'' Law Blog went on to say that Paredes favored the SEC "recommend ngbest practices and leav ngcompliance up to the industry."

References

{{DEFAULTSORT:Paredes, Troy A. Members of the U.S. Securities and Exchange Commission Yale Law School alumni American lawyers University of California, Berkeley alumni Living people 1971 births Washington University in St. Louis faculty University of Pennsylvania Law School faculty George W. Bush administration personnel Obama administration personnel