What to Expect From the SEC’s New Cyber-Savvy Chair

June 5, 2017

O’Melveny partner Danielle Gray and counsel Patrick McKegney co-authored the New York Law Journal article “What to Expect From the SEC’s New Cyber-Savvy Chair.” 

Wall Street lawyer and newly confirmed Securities and Exchange Commission Chair Jay Clayton stands to be a central figure in the nation’s awakening to cyber threats, the authors write. 

“While the United States lacks a principal cybersecurity regulator, the SEC has implemented regulations in its purview and has begun to penalize companies that fail to comply,” the article states. 

The authors discuss legislation, regulatory guidance, and enforcement activity to look out for in the coming months as Clayton begins his tenure at the SEC.

Gray, a former White House lawyer and Cabinet Secretary to President Obama, is a partner in O’Melveny’s New York office and a founding member of the firm’s Data Security and Privacy Group. Litigator McKegney is a counsel in the firm’s Securities Litigation Practice.