Chief Economist Spatt Splits SEC

Chester Spatt, chief economist and director of the Office of Economic Analysis at the Securities and Exchange Commission, will leave for a post at Carnegie Mellon University in Pittsburgh, according to US Fed News.    Spatt took leave from the university, where he had worked since 1979, to serve the SEC in 2004.   During his tenure at the SEC, Spatt led analysis of the impact of issues including options expensing, option grants and backdating, mutual fund late trading and market timing and executive compensation, among others.   “His exceptional background, expertise and judgment concerning the economic underpinnings of our securities markets have been invaluable resources to the Commission,” said SEC Chairman Christopher Cox. “He has been a strong leader of a very talented staff, and all of us at the Commission are deeply indebted to him for his personal and professional contributions to the nations’ markets and investors.”   The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.