B. Riley Securities has announced the recruitment of Frank Pigott as their new general counsel, effective from March 12. Pigott transitions to this prominent position from the Securities and Exchange Commission (SEC), where he served as senior special counsel in the trading and markets division. His role at the SEC involved intricate regulatory matters, thus providing him with an expansive understanding of securities law—an expertise that B. Riley Securities is likely to find beneficial as they navigate complex legal landscapes.
The shift from a regulatory body to a private financial institution reflects a trend where former public servants bring their regulatory insights into the private sector, thereby strengthening corporate governance and compliance functions. Pigott’s experience at the SEC is expected to be pivotal as B. Riley Securities continues to fortify its compliance framework amid an evolving regulatory environment.
You can read more about this appointment on Bloomberg Law’s coverage of the announcement.