When Champ joined the SEC in 2009, the agency was under immense pressure to reign in Wall Street. There was little doubt the SEC had to fix rules that permitted bad behavior and start to enforce existing laws. Champ was eager to be a part of this positive change. He soon realized, however, not everyone shared his enthusiasm for ushering in reform. Going Public offers a behind-the-scenes look at the SEC’s arcane culture and Champ’s efforts to lead reforms to stabilize an American financial system that was on the brink of disaster.
SEC Credit Rating Agency report discussed in Chapter 4: 2011 Summary Report of Commission Staff’s Examinations of Each Nationally Recognized Statistical Rating Organization
About Norm Champ
Norm Champ is the former Director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC). He joined Kirkland & Ellis LLP Investment Funds Group as a partner in February 2016. Mr. Champ is also a lecturer on investment management at Harvard Law School. He coined the term Compliance Calculus, a methodology financial services firms can use when developing their compliance programs. Before joining the SEC in 2010, Mr. Champ was Executive Vice President and General Counsel of Chilton Investment Company, an investment adviser to long/short equity hedge funds and managed accounts. Mr. Champ has an A.B., summa cum laude, in History from Princeton University and a J.D., cum laude, from Harvard Law School. He was a Fulbright Scholar at King’s College London where he received his M.A. in War Studies. Prior to joining Chilton in 1999, Mr. Champ was with the law firm of Davis Polk & Wardwell. Read More