The
Cynthia M. Fornelli, who had worked at the Commission since June 1999 after spending years in private practice at Washington-based firms Dechert Price & Rhoads and Fried, Frank, Harris, Shriver & Jacobson, "had an outstanding career at the Commission," according to Paul F. Roye, the director of the Division of Investment Management. Her law degree is from George Washington University.
"Cindy has played a critical role in the Commissions mutual fund reform efforts, said SEC Chairman William Donaldson. "I am pleased that Cindy will be leading a significant industry player in its conflicts management function. Her contribution at the SEC has been substantial and she will be missed."