Free-Market Economist Sirri Named to Head the SEC's Division of Market Regulation.(appointment of Erik Sirri as director of market regulation in United States. Securities and Exchange Commission )

Traders, September, 2006 by Bresiger, Gregory

Economist Erik Sirri, a former official of the Securities and Exchange Commission, has rejoined the regulator as its new director of market regulation. He replaces Annette Nazareth, who went on to become an SEC commissioner and Robert Colby, who held the position until a new market regulation director was finally named.

Sirri is now a professor of finance at Babson College in Massachusetts. He was praised by trading officials as someone less likely than his predecessors to add new trading rules.

"He will not be a heavy-handed regulator," said one trading executive. The source noted that, from 1996 to 1999, as the SEC's chief economist, Sirri had pushed the commission not to impose price controls on fund expense ratios.

"Instead, he (Sirri)...

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