Catholic University law school graduate Chris Concannon may be the next head of the division of trading and markets at the U.S. Securities and Exchange Commission, according to a report from Bloomberg News on April 12.
Concannon is currently an executive at high-frequency trading firm Virtu Financial LLC.
Professor David A. Lipton, director of the Securities Law Program at the Columbus School of Law, taught Concannon as a student and and was quoted by Bloomberg as saying that Chris would be an excellent choice.
“I’d want someone who understands the markets, who is extraordinarily brilliant and not afraid to say the outrageous and who plays well in the sand pile,” said Lipton. “Chris Concannon fits that to a T.”
CUA Law alumnus Daniel M. Gallagher, Class of 1999, was appointed by President Barack Obama as an SEC Commissioner in 2011. If Concannon is selected to run one of the SEC’s most important and visible divisions, it would mark the first time that two law school alumni have served as commissioner and division director at the same time.