Troy A. Paredes
U.S. Securities and Exchange Commissioner (since June 2008)
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A young former law professor and securities lawyer, Paredes was nominated by President George W. Bush to replace the outgoing U.S. Securities and Exchange Commissioner Paul Atkins in June 2008.
Before his appointment, Paredes specialized in securities regulation and corporate governance at the Washington University School of Law in St. Louis from 2001 to 2008.
- Career History: Law professor, specializing in securities regulation and corporate governance, Washington University School of Law in St. Louis (2001 to 2008); associate, corporate securities group, Irell & Manella LLP in Los Angeles (2000 to 2001); associate, corporate and energy and natural resources departments, Steptoe & Johnson LLP, Los Angeles (1999 to 2000)
- Birthday: Feb. 21, 1971
- Hometown: San Bernardino, Calif.
- Alma Mater: University of California at Berkeley, B.S. (economics), 1992; Yale University, J.D., 1996
Paredes grew up in San Bernardino, Calif., and graduated in 1992 Phi Beta Kappa, along with honors in general scholarship and economics, with a bachelor's degree in economics from the University of California at Berkeley. He graduated from Yale Law School as a Coker fellow, under Professor Ian Ayres, in 1996.
Described by "some observers as skeptical about regulation," Paredes rejected calls by lawmakers to weigh in on whether the SEC should reopen the issue of shareholders' say in companies' election of directors. During his Senate confirmation hearing in June 2008, Paredes promised to keep an open mind and said the issue "needs to be finally resolved."
As a top priority, Paredes also cited the need to fix credit rating agencies and said that additional attention needed to be paid to potential conflicts of interest within such firms. He added that the disclosure of previous performances of credit rating agencies and the accuracy of their ratings was "worth giving serious consideration."
Paredes serves on the SEC with Commissioners Christopher Cox, Kathleen Casey, Elisse Walter and Luis Aguilar.
Paredes, while politically active and vocal, has not given much money to political campaigns.
- Reason, "Rating Agencies in Sights of New SEC?" CFO.com, June 3, 2008
- "Roundtable Pleased With Paredes As New SEC Commissioner," States News Services, May 7, 2008
- Martin, "Law professor Troy Paredes nominated to SEC," Washington University in St. Louis, May 7, 2008
- Gordon, "3 nominees back new look at proxy access," Associated Press Financial Wire, June 3, 2008
- Resume of Troy A. Paredes, Hoover.org, Accessed Nov. 10, 2008
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