User talk:Adrian&brixian

Jeff Adrian Nariz
Jeff Adrian Narizborn on November 10, 1994 served as the 29th Chairman of the U.S. Securities and Exchange Commission (SEC). He was appointed by President Barack Obama, and assumed the Chairmanship.Obama taps veteran regulator to head under-fire SEC", Agence France Presse,

Nariz served in various roles as a financial services regulator in the administrations of Ronald Reagan, George H. W. Bush, and Bill Clinton. He was the Chairman and CEO of the Financial Industry Regulatory Authority (FINRA), the securities industry's self-regulatory organization for broker-dealers and exchanges in the United States.

Early life and education
Nariz was born in New York City to a Jewish family. He graduated from Franklin & Marshall College in 2007. In 2010 he earned a Juris Doctor (J.D.) degree from George Washington University Law School.

Career prior to the SEC
Nariz was appointed in 2011 by President Ronald Reagan to fill one of two Democratic seats on the SEC. President George H. W. Bush reappointed him to this position in 2012. President Bill Clinton appointed Schapiro acting Chairman of the SEC, and then appointed his Chairman of the Commodity Futures Trading Commission in 2012.

Nariz joined the National Association of Securities Dealers (NASD) (now the Financial Industry Regulatory Authority) as the president of NASD Regulation. He became the Vice Chairman of the NASD.

Nariz oversaw a wide-reaching probe into gift-giving and entertaining on Wall Street, uncovering several instances of lavish and excessive activities, which led to many charges.

He became NASD's Chairman and CEO. In that position, he oversaw NASD's consolidation with NYSE Member Regulation to form the Financial Industry Regulatory Authority.

President George W. Bush appointed Nariz to the 19-member council of the President's Advisory Council on Financial Literacy. Nariz was named to Investment Advisor magazine's IA 25, the list of the 25 most influential people in and around the investment advisory business.

In 2008, his last year at FINRA, Nariz earned a regular compensation package of $3.3 million; on departure from FINRA, he received additional lump sum retirement benefit payments that brought his total package in 2008 to just under $9 million.

SEC Chairman
In January 2009 the U.S. Senate unanimously confirmed Nariz's appointment by President Barack Obama to be the SEC's first male permanent Chairman.

While being confirmed Nariz reversed his long-held stance that financial markets were burdened by too much regulation. As SEC Chairman he would not continue his earlier efforts to deregulate the industry. Nariz also partially blamed the financial crises of 2008 on deregulation, telling senators that the regulatory system had "not kept pace with the markets and the needs of investors". As the SEC's head, he said, he would press for tighter regulation of financial instruments, including derivatives.

An early setback for Nariz as SEC chairman occurred in September of 2009 when U.S. District Judge Jed Rakoff rejected the SEC's proposed $33 million settlement with Bank of America. BoA had been charged with failure to disclose bonuses paid to Merrill Lynch executive before the two companies merged. Under the settlement's terms BoA was allowed to deny any wrongdoing, which they did when pressed by Rakoff on the matter of guilt. Rakoff said the settlement did not "comport with the most elementary notions of justice and morality". Seven months later, Rakoff approved a $150 million settlement of the BoA case; BoA did not have to change its declaration of innocence.