Eric Bustillo Named Regional Director of SEC's Miami Regional Office

FOR IMMEDIATE RELEASE
2009-267

Washington, D.C., Dec. 16, 2009 — The Securities and Exchange Commission announced today that Eric Bustillo has been named Regional Director of the SEC's Miami Regional Office. Mr. Bustillo joins the SEC from the U.S. Attorney's Office in the Southern District of Florida where he is an Assistant U.S. Attorney and has been Chief of the Economic & Environmental Crimes Section since 2005. He formerly served in the SEC's Miami Regional Office from 1990 to 1995 as an enforcement staff lawyer and as a branch chief. He anticipates assuming his new position in mid-January 2010.

"The SEC's Miami Office is a critical ingredient in our national enforcement effort," said Robert Khuzami, Director of the SEC's Division of Enforcement. "Eric's great talent and experience, along with the expertise and professional excellence of the current enforcement management and staff, will combine to continue that office's record of smart and informed enforcement actions and investor protection."

John Walsh, Acting Director of the SEC's Office of Compliance, Inspections and Examinations, said, "I welcome Eric back to the Commission and know that he will be an asset to the SEC's oversight of securities firms in the region."

Mr. Bustillo said, "I had the privilege of starting my legal career as an enforcement attorney at the SEC's Miami Office and I am very excited to rejoin and lead the office at this crucial time for the Commission. As a federal prosecutor in Miami over the last 15 years, I have often had the opportunity to work with lawyers and examiners in the SEC's Miami Regional Office and have always been impressed with their professionalism, dedication, and commitment to protecting investors. Under the skilled guidance of Associate Directors Glenn Gordon and John Mattimore, the Office has built an exceptionally talented group of enforcement and examination professionals. I look forward to working with Glenn, John, and the rest of the team to accomplish the SEC's mission of protecting investors and this country's capital markets."

As Chief of the Economic & Environmental Crimes Section in the U.S. Attorney's Office in Miami, Mr. Bustillo has been responsible for managing over 60 employees, including 35 Assistant U.S. Attorneys and Special Assistant U.S. Attorneys and a number of financial analysts, paralegals, and other support personnel. In that role, he has led the investigation and prosecution of complex white-collar criminal matters, including securities and corporate fraud, commodities fraud, financial institution fraud, mortgage fraud, consumer fraud, and money laundering.

As Regional Director, he will oversee the office's enforcement and examination functions in five southeast jurisdictions: Florida, Mississippi, Louisiana, Puerto Rico, and the U.S. Virgin Islands. Mr. Bustillo succeeds David Nelson, the former Regional Director, who is now in private practice. The office has been effectively led in the interim by Associate Directors Gordon and Mattimore.

Mr. Bustillo earned his Bachelor of Business Administration degree with a major in Economics from the University of Miami School of Business in 1985, and his J.D. from the University of Miami School of Law in 1989.

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