Richard H. Walker (born 1950) is an American lawyer. He is former general counsel of corporate and

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

and former director of the

United States Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agencies of the United States government, independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its ...

(SEC), Division of Enforcement, where he worked for ten years. Before working at the SEC, Walker was a partner at Cadwalader, Wickersham & Taft.

Biography

Walker was born in

Wilmington, Delaware Wilmington is the List of municipalities in Delaware, most populous city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish colonization of the Americas, Swedish settlement in North America. It lie ...

in 1950. He received a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

degree in 1972 from Trinity College in

Hartford, Connecticut Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 ce ...

and was a member of

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States. It was founded in 1776 at the College of William & Mary in Virginia. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, ...

."Richard H. Walker, Director of Enforcement, to Leave the SEC"
U.S. Securities and Exchange Commission (July 10, 2001). Retrieved March 3, 2011 He received his J.D.

cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sout ...

from Temple Law School and was editor-in-chief of the ''Temple Law Quarterly''. Walker's first job after law school was as a

law clerk A law clerk, judicial clerk, or judicial assistant is a person, often a lawyer, who provides direct counsel and assistance to a lawyer or judge by Legal research, researching issues and drafting legal opinions for cases before the court. Judicial ...

to Chief Judge Collins J. Seitz of the U.S. Court of Appeals for the Third Circuit.Profile for Richard H. Walker
nndb.com Retrieved March 4, 2011 In 1976, he began working at Cadwalader, Wickersham & Taft as an associate, becoming a partner in 1983. While working there, he met

Robert Khuzami Robert S. Khuzami (; born August 2, 1956) was the Deputy U.S. Attorney for the United States Attorney's Office for the Southern District of New York until March 22, 2019. He previously was a United States federal prosecutor and Assistant Unite ...

, who joined the firm as an associate.Ben Hallman
"Second Acts"
''The American Lawyer'' (March 2010) Retrieved January 10, 2011 Walker worked at the SEC for ten years, first as regional director of the SEC's northeast regional office from 1991 to 1996, then as general counsel from 1996 to 1998, when he became the director of enforcement. He was involved with financial fraud cases brought against W.R. Grace,

Livent The Live Entertainment Corporation of Canada, better known as Livent, was a theatre production company based in Toronto, Ontario. Founded in 1989 by former Cineplex Odeon executives Garth Drabinsky and Myron Gottlieb, the company initially found ...

Cendant Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses. Although it was based in New Yo ...

Microstrategy MicroStrategy Incorporated, doing business as Strategy, is an American development company that provides business intelligence (BI), mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spah ...

Sunbeam Products Sunbeam Products is an American company founded in 1897 that has produced electric home appliances under the Sunbeam name since 1910. Its products have included the Mixmaster mixer, the Sunbeam CG waffle iron, Coffeemaster (1938–1964) and ...

Arthur Andersen Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corpo ...

and

PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...

. He also established the SEC's internet enforcement program. He orchestrated the SEC's involvement in undercover

sting operation In law enforcement, a sting operation is a deceptive operation designed to catch a person attempting to commit a crime. A typical sting will have an undercover law enforcement officer, detective, or co-operative member of the public play a rol ...

s including Operation Thorcon and Operation Uptick, which resulted in more than 100 people being charged with

securities fraud Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.Arthur Levitt Arthur Levitt Jr. (born February 3, 1931) is the former chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission. Widely hailed as a ...

and Richard C. Breeden and was awarded for his work in a successful appeal in U.S. v. O'Hagan, which upheld the

misappropriation In law, misappropriation is the unauthorized use of another's name, likeness, identity, property, discoveries, inventions, etc. without that person's permission, resulting in harm to that person. Another use of the word refers to intentional a ...

theory of

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informati ...

. On October 1, 2001, just days before Deutsche Bank began listing its shares on the

New York stock exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

, it announced that Walker would be joining the bank as general counsel of its corporate and

division, the bank's largest division. In 2004, Khuzami, then working as a

prosecutor A prosecutor is a legal representative of the prosecution in states with either the adversarial system, which is adopted in common law, or inquisitorial system, which is adopted in Civil law (legal system), civil law. The prosecution is the ...

in the U.S. attorney's office in

Manhattan Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...

Southern District of New York The Southern District of New York is a federal judicial district that encompasses the counties of New York (Manhattan), Bronx, Westchester, Rockland, Putnam, Orange, Dutchess, and Sullivan. Federal offices or agencies operating in the distri ...

, was hired by Walker to come to Deutsche Bank. Matt Taibbi
"Why Isn't Wall Street in Jail?"
''

Rolling Stone ''Rolling Stone'' is an American monthly magazine that focuses on music, politics, and popular culture. It was founded in San Francisco, California, in 1967 by Jann Wenner and the music critic Ralph J. Gleason. The magazine was first known fo ...

'' (February 16, 2011). Retrieved March 3, 2011 Walker later recommended Khuzami for the job of SEC enforcement director.

References

External links

* Matt Taibbi
"Is the SEC Covering Up Wall Street Crimes?"
''Rolling Stone'' (August 17, 2011). Retrieved August 18, 2011 {{DEFAULTSORT:Walker, Richard H. American lawyers Living people People associated with Cadwalader, Wickersham & Taft Trinity College (Connecticut) alumni Temple University Beasley School of Law alumni 1950 births