Jones Day Welcomes Chief Counsel Of SEC's Enforcement Division As Partner

Monday, August 2, 2010 - 01:00

Jones Day has announced that Joan E. McKown, Chief Counsel of the U.S. Securities and Exchange Commission's Division of Enforcement, will be joining the Firm's Washington office as a partner in its Securities Litigation & SEC Enforcement practice.

"Joan brings a unique depth and breadth of experience from 24 years at the SEC," said Mary Ellen Powers, Partner-in-Charge of the Firm's Washington office. "Our clients will benefit immensely from her deep knowledge of the Commission and the federal securities laws.We're delighted she's chosen Jones Day for her career in private practice."

In her role as Chief Counsel for the past 17 years, Ms. McKown worked closely with the Commission and senior SEC staff. Her substantive experience extends across the full range of Enforcement Division matters. She reviewed all enforcement recommendations sent to the Commission and actively participated in the Commission's consideration of all enforcement cases during her tenure. Ms. McKown oversaw the drafting of the Enforcement Division Manual, and has played a significant role in the recent organizational changes in the Division.

Ms. McKown also served as a key liaison between the Enforcement Division and other SEC staff and regulatory authorities. She had primary responsibility for formulating the Enforcement Division's legislative priorities as well as on rule proposals and other important policymatters.

She frequently represented the Division in dealing with other regulators, including the Commodities and Futures Trade Commission, federal banking regulators, and state securities regulators.

Prior to her appointment as Chief Counsel in 1993, Ms. McKown held positions of increasing responsibility after joining the Division of Enforcement as a staff attorney in 1987, and serving as a branch chief in 1988 and an assistant director beginning in 1990.She originally began her career with the SEC's Office of General Counsel in 1986. Among other recognition of her outstanding service at the Commission, she received its Law and Policy Award (2010), Distinguished Service Award (2004), and Stanley Sporkin Award (1994).