Alumnus Daniel M. Gallagher to be Nominated for SEC Commissioner
Catholic University law school alumnus Daniel M. Gallagher Jr., 1998, is President Obama’s choice to become one of the five commissioners for the Securities and Exchange Commission. The decision to nominate him was announced by the White House on May 18, 2011, and reported the following day in the Washington Post.
Gallagher held leadership roles in the Securities and Exchange Commission’s division of trading and markets. He was deeply involved in the agency’s response to the financial crisis of 2008. He worked closely with the Treasury Department, the Federal Reserve Board, the Federal Reserve Bank of New York, the Commodity Futures Trading Commission and various international regulators on matters relating to the crisis. Gallagher also played a key role in several cutting edge broker-dealer, OTC derivatives and credit rating agency initiatives for the SEC.
Gallagher is currently a partner in WilmerHale’s securities department, and a member of the firm’s broker-dealer compliance and regulation, securities litigation and enforcement and derivatives and futures practice groups. He joined the firm in 2006 and returned in 2010 after serving for two years at the SEC.
Gallagher has served in the past as the guest speaker for the Columbus School of Law’s annual Securities Law Alumni Group luncheon, held at the Army and Navy Club.
Gallagher’s nomination was not unanticipated. He had been expected to fill a Republican seat now held by former Senate staffer Kathleen L. Casey, whose term expires in June.