SEC’s Acting Chief in L.A. Made Official

After spending the past 10 months as acting chief, Securities and Exchange Commission Chairman Christopher Cox finally decided to name Rosalind Tyson the official director of the commission’s Los Angeles office – a region that covers Southern California, Nevada, Arizona, and Hawaii.

In an SEC press release Tyson said, “It will be a privilege to serve as regional director … and I greatly appreciate the trust the agency has placed in me.”

Tyson is a Stanford Law School graduate and a veteran at the L.A. office, a place where she has served a number of roles since 1982. In July 2007, she took over as acting chief after Randall Lee left the SEC to pursue an opportunity with the Washington law firm WilmerHale.

Cox also named 41-year-old Marc Fagel as the regional director at the SEC’s San Francisco office. Fagel had been co-acting chief since October 2007, and he will be taking over for Helane Morrison, who left in October to join Hall Capital Partners.

Although Cox could be replaced once the next U.S. President takes office in January of 2009, Tyson and Fagel are both expected to remain in charge of their regional posts.