Irving Pollack, who established the U.S. Securities and Exchange Commission’s enforcement division as its founding director in 1972, died July 1 at his home in Rockville, Md. After leaving the SEC in 1980, Mr. Pollack formed a law firm, Storch & Brenner, with Laurence Storch, another veteran of the SEC enforcement division. As a commissioner, Mr. Pollack spoke up regularly in defense of Sporkin, and of a vigorous enforcement division. Mr. Pollack served as its director for two years, until his 1974 appointment by President Richard M. Nixon to a seat on the five-member commission. “They were really independent operators.”A series of SEC actions, challenged in court, helped establish the enforcement division.

Source: Washington Post July 03, 2016 21:11 UTC