SEC Names New General Council

The Securities and Exchange Commission has announced a new general council, according to a regulatory statement from the regulatory agency today. Geoffrey F. Aronow was appointed to the position of General Council at the SEC. This post is the agency’s top legal position.

Regulatory officials rarely get the exposure, or praise, that hedge fund managers do, but it often seems as though they deserve at least partial credit. Their job is to ensure that the financial markets are working without underhand illegal activities. The amount of analysis needed for such work often dwarfs the analysis funds do on their...