SEC Names Calamari Head of New York Regional Office

Carlo di Florio, director of the SEC’s Office of Compliance Inspections and Examinations (OCIE), added in the same statement that “Andy is a dedicated leader who has earned the respect and trust of his colleagues as a result of his proven performance and exemplary commitment to our mission. He understands the power of teamwork and collaboration, and will be a great addition to our leadership team both regionally and nationally.”

Calamari has been the Senior Associate Director and co-head of Enforcement for the New York Regional Office since 2004. He has worked on many significant SEC enforcement actions including:

• The case against four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to fraudulently overstate the prices of $3 billion in subprime bonds during the height of the subprime credit crisis.
• The case against two former executives at American Home Mortgage Investment Corp. for engaging in accounting fraud and making false and misleading disclosures to conceal from investors the company’s worsening financial condition in early 2007 as the subprime crisis emerged.
• A series of cases arising out of the misuse of finite reinsurance products including an action against AIG, which paid $800 million to settle charges of widespread accounting fraud.

In 2004, he received the agency’s Arthur F. Matthews Award, which is awarded annually to an SEC employee who has been consistently creative in applying the federal securities laws for the benefit of investors. In 2009, Calamari received the Stanley Sporkin Award, which is one of the SEC’s top awards for its enforcement officials.

Prior to his work at the SEC, Mr. Calamari spent nearly 15 years in private law practice, including as a litigation partner at Donovan Leisure Newton & Irvine. He is a 1985 graduate of Fordham Law School.