SEC Appoints Leaders of New “Office of Collections and Distributions”
The SEC announced last week the appointments of the two leaders of its new “Office of Collections and Distributions.” The appointees are Richard J. D’Anna, Director of the office, and Lynn M. Powalski, Deputy Director. The new office is intended to “expedite the return of more than $5 billion in so-called Fair Funds to harmed investors, while cutting red tape and the costs of the distributions.”Mr.D’Anna was previously Senior Vice President at 1st Bridgehouse Securities and a Senior Vice President and Consultant at FITS, Inc. Ms. Powalski was previously an Assistant Director and Assistant Chief Litigation Counsel for Collections and Distributions within the SEC’s Division of Enforcement.
