Press Release: Visiting Academic Scholars and Economic Fellows Appointed to the Office of Economic Analysis
No fraud or misconduct occurred; the SEC's 2007 press release merely announced the academic appointments of four scholars—Bauguess, White, Aromi, and Lee—to its Office of Economic Analysis, with no legal charges, financial penalties, or enforcement actions involved.
In September 2007, the SEC announced the appointment of four academic scholars—Dr. Scott Bauguess, Dr. Josh White, Dr. Daniel Aromi, and Dr. Yoon-Ho Alex Lee—to its Office of Economic Analysis. None were accused of fraud or misconduct; their roles were purely research-focused, addressing corporate governance, finance, market microstructure, and regulatory policy. The announcement detailed their academic credentials and research backgrounds, with no financial amounts, charges, or enforcement outcomes mentioned.
On September 17, 2007, the Securities and Exchange Commission issued a press release announcing the appointment of four academic scholars to its Office of Economic Analysis: Dr. Scott Bauguess and Dr. Josh White as Visiting Academic Scholars, and Dr. Daniel Aromi and Dr. Yoon-Ho Alex Lee as Economic Fellows. Dr. Bauguess, from Texas Tech University, focused on corporate ownership structures and dual-class shares; Dr. White, from the University of Illinois, specialized in behavioral asset pricing and executive stock options. Dr. Aromi, with a Ph.D. from the University of Maryland, worked on mutual funds and market microstructure, while Dr. Lee, holding a Ph.D. from Yale and a J.D. from Yale Law School, contributed expertise in corporate finance, proxy voting, and Sarbanes-Oxley. All appointments were non-enforcement, analytical roles designed to support the SEC’s economic research, with terms ranging from one to two years. There were no allegations of fraud, financial misconduct, or regulatory violations associated with any of the appointees. The release served solely to highlight their academic qualifications and research agendas, with no mention of penalties, settlements, or legal actions.
Extracted insights
- agency the securities and exchange commission's office of economic analysis
- The Securities and Exchange Commission's Office of Economic Analysis announced the appointment of two Visiting Academic Scholars and two Economic Fellows
- The Visiting Academic Scholars are Dr. Scott Bauguess and Dr. Josh White
- Dr. Scott Bauguess served on the faculty of Texas Tech University
- Dr. Scott Bauguess earned his Ph.D. in Finance from Arizona State University
- Dr. Scott Bauguess will work on various issues related to corporate governance
- Dr. Josh White served on the faculty of the University of Illinois at Urbana Champaign
- Dr. Josh White earned his Ph.D. in Business Economics from Harvard University
- Dr. Josh White will work on various issues related to corporate finance
- Dr. Daniel Aromi earned his Ph.D. in Economics from the University of Maryland
- Dr. Daniel Aromi focuses on issues related to mutual funds and market microstructure
- Dr. Yoon-Ho Alex Lee earned his Ph.D. in Economics from Yale University
- Dr. Yoon-Ho Alex Lee earned his J.D. from Yale Law School
- Dr. Yoon-Ho Alex Lee earned his undergraduate degree at Harvard University
- Dr. Yoon-Ho Alex Lee worked at the President's Council of Economic Advisers
- Dr. Yoon-Ho Alex Lee worked as a law clerk to Judge Thomas B. Griffith on the U.S. Court of Appeals for the District of Columbia Circuit
- Dr. Yoon-Ho Alex Lee will focus on issues related to corporate finance, proxy voting and Sarbanes-Oxley
Visiting Academic Scholars and Economic Fellows Appointed to the Office of Economic Analysis FOR IMMEDIATE RELEASE 2007-185 Washington, D.C., Sept. 17, 2007 - The Securities and Exchange Commission's Office of Economic Analysis today announced the appointment of two Visiting Academic Scholars and two Economic Fellows. The Visiting Academic Scholars are Dr. Scott Bauguess and Dr. Josh White, who will each be serving one-year terms ending in August 2008. The Economic Fellows are Dr. Daniel Aromi and Dr. Yoon-Ho Alex Lee, who will be serving two-year term appointments. Before joining the Commission, Dr. Bauguess served on the faculty of Texas Tech University. He earned his Ph.D. in Finance from Arizona State University. His research focus includes the study of the merit and determinants of corporate ownership structure, and in particular, the effects of differential voting rights in corporate share structures, firms commonly classified as "dual class." While at the Commission, Dr. Bauguess will work on various issues related to corporate governance. Before joining the Commission, Dr. White served on the faculty of the University of Illinois at Urbana Champaign. He earned his Ph.D. in Business Economics from Harvard University. His research focuses on behavioral asset pricing and on the valuation and optimal exercise of executive stock options. While at the Commission, Dr. White will work on various issues related to corporate finance. Dr. Aromi earned his Ph.D. in Economics from the University of Maryland. His areas of specialization include auction theory and industrial organization. While at the Commission, Dr. Aromi will focus on issues related to mutual funds and market microstructure. Dr. Lee earned his Ph.D. in Economics from Yale University, his J.D. from Yale Law School, and his undergraduate degree at Harvard University. His research includes applied microeconomic analysis, law and economics, and games of imperfect information. While in graduate school, Dr. Lee worked at the President's Council of Economic Advisers. His work has been published in the Yale Journal on Regulation. Prior to joining the OEA, he worked as a law clerk to Judge Thomas B. Griffith on the U.S. Court of Appeals for the District of Columbia Circuit. While at the Commission, Dr. Lee will focus on issues related to corporate finance, proxy voting and Sarbanes-Oxley. # # # http://www.sec.gov/news/press/2007/2007-185.htm Home | Previous Page Modified: 09/17/2007
Visiting Academic Scholars and Economic Fellows Appointed to the Office of Economic Analysis FOR IMMEDIATE RELEASE 2007-185 Washington, D.C., Sept. 17, 2007 - The Securities and Exchange Commission's Office of Economic Analysis today announced the appointment of two Visiting Academic Scholars and two Economic Fellows. The Visiting Academic Scholars are Dr. Scott Bauguess and Dr. Josh White, who will each be serving one-year terms ending in August 2008. The Economic Fellows are Dr. Daniel Aromi and Dr. Yoon-Ho Alex Lee, who will be serving two-year term appointments. Before joining the Commission, Dr. Bauguess served on the faculty of Texas Tech University. He earned his Ph.D. in Finance from Arizona State University. His research focus includes the study of the merit and determinants of corporate ownership structure, and in particular, the effects of differential voting rights in corporate share structures, firms commonly classified as "dual class." While at the Commission, Dr. Bauguess will work on various issues related to corporate governance. Before joining the Commission, Dr. White served on the faculty of the University of Illinois at Urbana Champaign. He earned his Ph.D. in Business Economics from Harvard University. His research focuses on behavioral asset pricing and on the valuation and optimal exercise of executive stock options. While at the Commission, Dr. White will work on various issues related to corporate finance. Dr. Aromi earned his Ph.D. in Economics from the University of Maryland. His areas of specialization include auction theory and industrial organization. While at the Commission, Dr. Aromi will focus on issues related to mutual funds and market microstructure. Dr. Lee earned his Ph.D. in Economics from Yale University, his J.D. from Yale Law School, and his undergraduate degree at Harvard University. His research includes applied microeconomic analysis, law and economics, and games of imperfect information. While in graduate school, Dr. Lee worked at the President's Council of Economic Advisers. His work has been published in the Yale Journal on Regulation. Prior to joining the OEA, he worked as a law clerk to Judge Thomas B. Griffith on the U.S. Court of Appeals for the District of Columbia Circuit. While at the Commission, Dr. Lee will focus on issues related to corporate finance, proxy voting and Sarbanes-Oxley. # # # http://www.sec.gov/news/press/2007/2007-185.htm Home | Previous Page Modified: 09/17/2007