Lona Nallengara has been named Deputy Director for Legal and Regulatory Policy in the SEC’s Division of Corporation Finance.  He'll play a key role in the rulemaking agenda, and focus on potential proposals re: the U.S. proxy system and initiatives to ease compliance burdens and facilitate capital formation for small business.  Mr. Nallengara joins the SEC from Shearman & Sterling in New York, where he has been a partner in the Capital Markets practice group.

As Deputy Director, Mr. Nallengara will oversee the Division’s Offices of: (i) Chief Counsel, (ii) Enforcement Liaison, (iii) Int'l CorpFin, (iv) M&A, and (v) Small Business Policy.  He joins fellow Division deputy directors Paula Dubberly, who oversees the Offices of Rulemaking, Capital Markets Trends, and Structured Finance, and Shelley Parratt, who oversees disclosure operations. Mr. Nallengara replaces Brian Breheny, who left the agency last year.

At Shearman & Sterling, Mr. Nallengara advised public companies and financial institutions in a wide range of capital raising activities and on corporate governance, public reporting, and mergers and acquisitions matters. Mr. Nallengara also served as the firm’s Co-Hiring Partner, Co-Chair of the Associate Development Committee, Co-Chair of the International Associates and Trainees Committee, and as a member of its Diversity Committee.

Prior to joining Shearman & Sterling LLP in 1998, Mr. Nallengara was an associate in the corporate practice group at the law firm of Osler, Hoskin & Harcourt LLP in Toronto, Canada.   [SEC PR 11-45, 2/17]