🚀SEC Announces Departure of David Saltiel
David Saltiel, the SEC's Acting Director of Trading and Markets, is set to depart on July 4, 2025. Saltiel's tenure saw significant contributions to market transparency and investor protection.
Key Points
- •📅 Mark Your Calendar: Saltiel's departure effective July 4, 2025
- •🏛️ Long Service: Acting Director since Dec 2024, previously in 2021
- •📊 Key Achievements: Enhanced market transparency, investor protection
- •🏆 Recognition: Excellence in Leadership Award in 2020
- •🔍 Background: Served as Deputy Director since Nov 2021
🎬 The Plot Thickens
David Saltiel, the SEC's Acting Director of the Division of Trading and Markets, will bid farewell to the agency on July 4, 2025. Saltiel, who stepped into the Acting Director's shoes in December 2024 and had a brief stint in 2021, has been a stalwart in the SEC's leadership lineup.
"I want to thank David for his wise counsel since I became Chairman," said Chairman Paul S. Atkins. "David's contributions have made our markets stronger. The SEC will lose an outstanding resource; nevertheless, I wish him the very best in his next pursuits."
📈 Saltiel's Stellar Contributions
Mr. Saltiel's resume boasts a string of achievements that have fortified the SEC's mission. From equity and derivatives market structure topics to transparency and disclosure initiatives, Saltiel's work has been pivotal.
- Enhanced market transparency with Rule 605 amendments
- Worked to protect investors from market manipulation
- Fostered competition among trading and listing markets
- Advocated for the use of emerging technologies like AI
"David's reputation as a technical expert who cares deeply about investor protection and fair and orderly markets has been well-earned," said Commissioner Caroline Crenshaw.
🌟 A Legacy to Remember
During his tenure, Saltiel was consistently recognized for his leadership and expertise, bagging the Commission's Excellence in Leadership Award in 2020. His strategic mindset and commitment to data-driven policymaking have left an indelible mark on the SEC.
"David's departure is a loss for the Commission, but he leaves the Division a legacy of culture and capabilities that will benefit our team for years to come," said Jamie Selway, the newly appointed Director of the Division of Trading and Markets.
🎓 The Man Behind the Title
Saltiel's journey to the SEC is as impressive as his tenure. He served as a Deputy Director since November 2021 and as Associate Director of the Division's Office of Analytics and Research since 2016. Before joining the SEC, he was the first Chief Economist at the Municipal Securities Rulemaking Board. Saltiel's academic credentials include a degree from Williams College and a master's in economics from St. Antony's College at the University of Oxford.