October 04, 2017
Michael S. Pieciak, commissioner of the Vermont Department of Financial Regulation, was named president-elect of the North American Securities Administrators Association (NASAA) last week at the NASAA annual conference in Seattle. Pieciak will serve as president-elect for one year and begin his term as president in September 2018.
NASAA is the oldest international organization dedicated to investor protection. Organized in 1919, its membership includes all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico. Pieciak will be the first Vermonter to serve as NASAA president since commissioner R.C. Clark in 1930.
"Vermont is a national leader in regulatory innovation and has a well-earned reputation of being an accessible, responsive and fair but tough regulator" Pieciak said, "I look forward to bringing Vermont's regulatory approach to my role as NASAA president."
Vermont Gov. Phil Scott said, "I congratulate Mike on his appointment to head this prestigious organization; this is a very well-deserved achievement. Mike's hard work and leadership has contributed to the success of our Department of Financial Regulation, has supported Vermont's economy, and contributes to our efforts to protect our citizens. His experience will bring tremendous value to the North American Securities Administrators Association."
Pieciak serves as the chief regulator of Vermont's financial services sector, including the insurance, captive insurance, banking and securities industries. Before becoming commissioner of DFR in 2016, Pieciak was deputy commissioner of the Securities Division and previously worked at Downs Rachlin Martin in Burlington and Skadden, Arps, Slate, Meagher and Flom in New York City where he practiced in the mergers and acquisitions group. He is a member of the Securities and Exchange Commission Advisory Committee on Small and Emerging Companies, the National Association of Insurance Commissioners and serves on the Vermont State Colleges Board of Trustees.
Pieciak grew up in Brattleboro and graduated magna cum laude from Union College with a degree in political science. He received his law degree summa cum laude from the University of Miami School of Law where he served as editor-in-chief of the "Miami Law Review."
Media Contact: Dale Schaft, Information Management Officer, 802-828-4872
Source: Department of Financial Regulation
Last Updated at: October 04, 2017 16:32:31