Micah Hauptman, financial services counsel for the Consumer Federation of America, announced via Twitter over the weekend that he’s joining SEC Commissioner Caroline Crenshaw’s office Tuesday.
Hauptman said that he is “excited” to work for Crenshaw, “who is going to do great things for investors,” but that he’ll miss his “best mentor and friend” Barbara Roper, director of investor protection at the consumer group.
Roper replied on Twitter that “Commissioner Crenshaw is getting one of the most talented, dedicated, thoughtful staffers around. I couldn’t have asked for a better colleague. And while I’m sad, I’m mostly excited for your new adventure.”
SEC Commissioner Allison Herren Lee also sent Twitter congrats to Hauptman, and welcomed him to the SEC. “Your expertise and dedication to the interests of investors and markets will serve Commissioner Crenshaw and the agency well,” Lee tweeted.
A vocal critic of the agency’s Regulation Best Interest, Hauptman’s main focuses at the Federation were a fiduciary standard for investment professionals, adequate funding for financial market regulators, credit rating agency regulation, investor arbitration and financial market structure.