At a Glance
- 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)
Feb. 21, 1971
San Bernardino, Calif.
- Alma Mater:
University of California at Berkeley, B.S. (economics), 1992; Yale
University, J.D., 1996
Path to Power
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
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.