John M. Fedders, who resigned from the Securities and Exchange Commission after public revelations that he beat his wife periodically, has been rehired by the SEC as a $260-a-day consultant for two weeks.
After resigning as the SEC's enforcement director Feb. 26, Fedders was put back on the payroll March 1 to help his successor, commission spokesman Chiles T.A. Larson confirmed yesterday.
"This is strictly a step to insure an orderly transition," Larson said. "He's available to consult on matters so the continuity goes smoothly."
Larson said the consulting arrangement, which runs through next Friday, was approved by staff members in the enforcement division and general counsel's office. Fedders will be assisting acting enforcement director Gary Lynch.
Fedders is being paid at a rate equivalent to $67,940 a year, or slightly less than the $72,300 he was paid in the enforcement post, Larson said.
In his letter of resignation, Fedders admitted that "on seven occasions" marital disputes with his wife Charlotte had "resulted in violence."
But he said newspaper accounts of his marriage and divorce trail in Montgomery County Circuit Court had "exaggerated" what he called "occasional highly regrettable episodes during our marriage."
Fedders said he resigned because "the glare of publicity" threatened to undermine his effectiveness. Larson said Fedders had been brought back "to serve the commission's interest."