The Securities and Exchange Commission today announced that Jessica S. Kane has been named deputy director in its Office of Municipal Securities.
For the past year, Ms. Kane has served as senior special counsel to the director in the Office of Municipal Securities, where she has played a leading role on the municipal advisor registration rulemaking project and other municipal securities initiatives. She joined the SEC in 2007, where she worked on corporate securities disclosure matters in the Division of Corporation Finance from 2007 to 2012, and then worked in the SEC’s Office of Legislative and Intergovernmental Affairs from 2012 to 2013.
In her new role, Ms. Kane will play a leading role in overseeing all aspects of the Office of Municipal Securities, including implementation and operation of the municipal advisor registration regime, oversight of Municipal Securities Rulemaking Board (MSRB) rulemaking, municipal market structure initiatives, disclosure policy, and coordination on municipal enforcement matters.
Under the Dodd-Frank Act, the SEC established a standalone Office of Municipal Securities to administer SEC rules on practices of broker-dealers, municipal advisors, investors, and issuers in the municipal securities area and to coordinate with the MSRB on rulemaking and enforcement actions. The Office of Municipal Securities advises the Commission and other SEC offices on policy matters, enforcement, and other issues affecting the municipal securities market and oversees MSRB rulemaking and the SEC’s municipal advisor registration program.
“Jessica Kane is an exceptional attorney who has made extraordinary contributions to the municipal advisor rulemaking project and to the development of the Office of Municipal Securities,” said John J. Cross III, director of the Office of Municipal Securities. “Jessica’s strong legal analytic skills, impeccable judgment, insightful perspective on securities law matters, indefatigable work ethic, and inclusive collaborative approach to interactions with other offices and stakeholders will serve us well as we move forward on our mission to oversee the municipal securities market and vigilantly protect investors.”
Ms. Kane graduated with honors from Georgetown University, where she received her B.A. degree in English, with a minor in Economics. She received her J.D. degree from George Mason University School of Law, where she was Executive Editor of the Civil Rights Law Journal.