Scott Friestad Named Associate Director of SEC's Division of Enforcement
Scott Friestad was promoted to Associate Director of the SEC’s Division of Enforcement in 2005 for his leadership in high-profile enforcement actions against securities fraud, including accounting misconduct, insider trading, and Foreign Corrupt Practices Act violations, with no allegations of wrongdoing against him.
Scott Friestad was named Associate Director of the SEC’s Division of Enforcement on March 30, 2005, following over a decade of service as a staff attorney and Assistant Director. He played a central role in major enforcement actions involving Regulation FD, public company accounting fraud, insider trading, broker-dealer regulation, and the Foreign Corrupt Practices Act, though no specific dollar amounts or individual cases were disclosed. The SEC’s Director of Enforcement, Stephen Cutler, praised Friestad’s legal acumen, creativity, and integrity, underscoring his contributions to the Commission’s mission without any indication of personal misconduct.
Scott Friestad was appointed Associate Director of the SEC’s Division of Enforcement on March 30, 2005, after joining the agency as a staff attorney in 1995 and rising to Assistant Director in 2000. He oversaw numerous high-profile enforcement actions across key areas including Regulation FD, public company accounting and disclosure violations, insider trading, broker-dealer misconduct, and breaches of the Foreign Corrupt Practices Act. Though the press release does not specify individual cases or monetary penalties, his work was instrumental in advancing the SEC’s enforcement agenda. Friestad also served as a Special Assistant U.S. Attorney in the Southern District of New York, further strengthening his prosecutorial credentials. SEC Director of Enforcement Stephen Cutler commended Friestad’s exceptional intelligence, creativity, and exemplary demeanor, emphasizing his critical role in protecting investors. Prior to joining the SEC, Friestad was a litigator at Dewey Ballantine in New York. He earned his undergraduate and law degrees from the University of Iowa and was 42 at the time of his promotion. The announcement was purely a personnel recognition, with no suggestion of fraud, misconduct, or legal penalties involving Friestad himself.
Extracted insights
- person Scott W. Friestad
- person stephen m. cutler
- Scott W. Friestad Named Associate Director of the Commission's Division of Enforcement
- Scott W. Friestad Served as Assistant Director in the Commission's Enforcement Division
- Scott W. Friestad Joined Commission's Enforcement Division as a staff attorney
- Scott W. Friestad Overseen High-profile investigations in every major program area
- Scott W. Friestad Contributed to Significant Commission enforcement actions involving Regulation FD, public company accounting and disclosure, the Foreign Corrupt Practices Act, insider trading and broker-dealer regulation
- Scott W. Friestad Served as Special Assistant United States Attorney in the U.S. Attorney's Office for the Southern District of New York
- Stephen M. Cutler Said Scott Friestad is a creative thinker who has mastered the securities laws
- Stephen M. Cutler Expressed Scott has earned the respect and confidence of everyone with whom he has worked
- Stephen M. Cutler Noted The Division and the investing public are fortunate, and I am delighted, that Scott will continue to bring his tireless energies, exceptional intelligence and exemplary demeanor to the Commission's enforcement program
- Scott W. Friestad Was a litigator at Law firm of Dewey Ballantine in New York
- Scott W. Friestad Earned Undergraduate and law degrees from the University of Iowa
SCOTT FRIESTAD NAMED ASSOCIATE DIRECTOR OF SEC'S DIVISION OF ENFORCEMENT FOR IMMEDIATE RELEASE2005-45 Washington, D.C., March 30, 2005 - The Securities and Exchange Commission today named Scott W. Friestad Associate Director of the Commission's Division of Enforcement. As Associate Director, Mr. Friestad will serve as a senior official in the Division of Enforcement and will assist in planning and directing the Commission's investigations and other enforcement efforts. Since July 2000, Mr. Friestad has served as an Assistant Director in the Commission's Enforcement Division, which he joined in 1995 as a staff attorney. During his tenure at the Commission, Mr. Friestad has overseen a number of high-profile investigations in every major program area. His work has contributed to significant Commission enforcement actions involving Regulation FD, public company accounting and disclosure, the Foreign Corrupt Practices Act, insider trading and broker-dealer regulation. In addition, Mr. Friestad has served as a Special Assistant United States Attorney in the U.S. Attorney's Office for the Southern District of New York. Stephen M. Cutler, the SEC's Director of Enforcement said, "Scott Friestad is a creative thinker who has mastered the securities laws. Scott has earned the respect and confidence of everyone with whom he has worked. The Division and the investing public are fortunate, and I am delighted, that Scott will continue to bring his tireless energies, exceptional intelligence and exemplary demeanor to the Commission's enforcement program." Prior to joining the Commission, Mr. Friestad was a litigator at the law firm of Dewey Ballantine in New York. Mr. Friestad, 42, earned his undergraduate and law degrees from the University of Iowa. http://www.sec.gov/news/press/2005-45.htm Home | Previous Page Modified: 03/30/2005
SCOTT FRIESTAD NAMED ASSOCIATE DIRECTOR OF SEC'S DIVISION OF ENFORCEMENT FOR IMMEDIATE RELEASE2005-45 Washington, D.C., March 30, 2005 - The Securities and Exchange Commission today named Scott W. Friestad Associate Director of the Commission's Division of Enforcement. As Associate Director, Mr. Friestad will serve as a senior official in the Division of Enforcement and will assist in planning and directing the Commission's investigations and other enforcement efforts. Since July 2000, Mr. Friestad has served as an Assistant Director in the Commission's Enforcement Division, which he joined in 1995 as a staff attorney. During his tenure at the Commission, Mr. Friestad has overseen a number of high-profile investigations in every major program area. His work has contributed to significant Commission enforcement actions involving Regulation FD, public company accounting and disclosure, the Foreign Corrupt Practices Act, insider trading and broker-dealer regulation. In addition, Mr. Friestad has served as a Special Assistant United States Attorney in the U.S. Attorney's Office for the Southern District of New York. Stephen M. Cutler, the SEC's Director of Enforcement said, "Scott Friestad is a creative thinker who has mastered the securities laws. Scott has earned the respect and confidence of everyone with whom he has worked. The Division and the investing public are fortunate, and I am delighted, that Scott will continue to bring his tireless energies, exceptional intelligence and exemplary demeanor to the Commission's enforcement program." Prior to joining the Commission, Mr. Friestad was a litigator at the law firm of Dewey Ballantine in New York. Mr. Friestad, 42, earned his undergraduate and law degrees from the University of Iowa. http://www.sec.gov/news/press/2005-45.htm Home | Previous Page Modified: 03/30/2005