Associate Directors Named for Northeast Regional Office


Washington, D.C., Nov. 16, 2004 - The Commission announced today the appointments of Helene Glotzer, David Rosenfeld and Andrew M. Calamari as Associate Regional Directors in New York with responsibility to oversee and manage the Commission’s enforcement program in the Northeast Regional Office. These appointments fill vacancies created in June 2004 by the departure of Barry W. Rashkover for private practice and the promotion of Mark K. Schonfeld to the position of Director of the Northeast Regional Office.

Prior to these appointments, Ms. Glotzer and Mr. Rosenfeld were Assistant Regional Directors of Enforcement in New York and Mr. Calamari was a Deputy Assistant Regional Director of Enforcement. All have served on the Commission’s staff in various capacities for several years.

Mark K. Schonfeld, the Director of the Northeast Regional Office said, “I am proud of the exceptional talent in the Commission’s Northeast Regional Office. Helene, David and Andy have made tremendous contributions to the Commission’s Enforcement program in their careers. They each bring to their new positions keen intellect, sound judgment and unwavering commitment to the protection of investors. I am confident that under their leadership this office will continue to be at the forefront of the Commission’s Enforcement program.”

Stephen M. Cutler, Director of the Division of Enforcement said, “I have had the privilege of working with Ms. Glotzer, Mr. Rosenfeld and Mr. Calamari during their careers thus far at the Commission. Individually and collectively, they are a powerful force for investor protection and will provide wise and inspiring leadership to the Enforcement program in the Northeast Regional Office.”

Helene Glotzer, 34, came to the Commission in 1997. Prior to her Commission service, she practiced commercial and securities litigation with Brown & Wood LLP. She is a graduate of the University of Michigan Law School. During her time at the Commission, she has investigated and overseen such important investigations as the ImClone insider trading investigation, massive offering frauds by Ashbury Capital Partners and Princeton Economics International, and SEC v. HGI, a fraudulent sales practices case in which the Commission sued a Long Island boiler room and thirteen of its registered representatives.

David Rosenfeld, 43, came to the Commission in 1998. Prior to working at the Commission, he was in private practice at Davis Polk & Wardwell in New York. He also taught at the University of Virginia, and served as a law clerk to the Honorable A. Raymond Randolph of the United States Court of Appeals for the District of Columbia Circuit. He graduated from Harvard Law School and received a Ph.D. from Columbia University. During his time at the Commission, he has investigated, litigated and supervised numerous enforcement matters including: settled actions against all seven New York Stock Exchange specialist firms resulting in payments of more than $248 million; the Report of Investigation In the Matter of Motorola, Inc, which set forth important public guidance on Regulation FD; SEC v. Princeton Economics, a $1 billion fraud case involving the sale of promissory notes to Japanese corporate entities; SEC v. Stevens, an 18 defendant insider trading case; and SEC v. Aurora Foods, an accounting fraud case involving a major public company and its senior executives.

Andrew Calamari, 44, came to the Commission in 2000. Prior to his time with the Commission, he was engaged in private practice for about 13 years, including as a litigation partner with Donovan Leisure Newton & Irvine. He also served for two years as a law clerk to a federal district judge in Manhattan. He is a graduate of Fordham Law School. During his time at the Commission, he has overseen a number of important investigations, including the investigation of accounting fraud at Aurora Foods, Inc. and the investigation of AIG’s promotion and marketing of a pre-funded insurance product that had, as its express purpose, to facilitate income statement smoothing.

Last modified: 11/16/2004