The Securities and Exchange Commission (SEC) has named an attorney for the now-defunct MF Global as its top legal officer.
Geoffrey Aronow, who previously served on the board of the National Capital Area Chapter of the American Civil Liberties Union (ACLU), represented MF Global CFO Christine Serwinski when the brokerage firm raided customer accounts and vaporized $1.6 billion in client funds.
In a statement, the SEC praised Aronow’s “passion for investor protection” and said he will be a “faithful steward of the securities laws” and possesses “a comprehensive understanding of law enforcement.”
Aronow says he’s looking forward to taking over as the SEC’s general counsel. “I’m truly honored to re-enter public service as the general counsel at an agency with such a storied history and critical mission of investor protection and effective market oversight,” said Mr. Aronow in an SEC statement.
Despite the Obama Administration’s “get tough on Wall Street” rhetoric, the Obama Justice Department has not charged, prosecuted, or jailed a single Wall Street executive in the wake of the largest financial collapse in U.S. history.
Indeed, no charges were filed against former MF Global chief and top Obama bundler Jon Corzine. Today, Corzine is reportedly back trading with his family’s wealth and considering opening his own hedge fund.