US SEC Chooses David Saltiel as New Acting Director of Trading and Markets

The US Securities and Exchange Commission (SEC) has announced on Thursday the appointment of David Saltiel as its new Acting Director of the Division of Trading and Markets. He’ll replace Christian R. Sabella, who concluded his tenure with the regulator on Wednesday, according to the press release published by the SEC.

Saltiel joined the US SEC in 2016, who has served as the head of the Office of Analytics and Research in the Division of Trading and Markets. Prior to such a role, the new Acting Director of the Division of Trading and Markets worked as Chief Economist for the Municipal Securities Rulemaking Board, according to his LinkedIn profile.

But the work with the US regulator is not the first one related to the public sector he held. For over two years, Saltiel was an employee of the US Department of the Treasury, first working as the Chief Financial Economist and Director of Advanced Analytics, Bureau of the Fiscal Service, and then as the Deputy Assistant Commissioner (Acting), Debt Management, Bureau of the Fiscal Service.

Gensler Reaction

“I look forward to continuing to work with David and thank him for lending his knowledge and experience as Acting Director. I thank Christian for his dedication and service to the SEC over the last 10 years,” Gary Gensler, SEC’s chairman, commented on Saltiel’s appointment and Sabella’s departure.

Saltiel has an undergraduate degree from Williams College and holds a master’s degree in economics from St. Antony’s College at the University of Oxford.

The new appointment of Saltiel as Acting Director of the Division of Trading and Markets comes after the US SEC hinted last week at the possibility of working with Congress and other regulatory bodies to work on a legal framework to regulate cryptocurrencies in the United States. The discussion was put on the table during a hearing before the Financial Services and General Government subcommittee of the House of Representatives.

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