Ex-SEC Commissioner Piwowar Will Talk Finance for $20K

Stay up-to-date with the latest developments in securities law through access to both news and all statutes and regulations. Find relevant corporate filings through a searchable EDGAR database. And...

By Andrew Ramonas

Former SEC Commissioner Michael Piwowar is looking to offer his insights on the economy and financial policy and regulation, for a price.

The Republican, who left the Securities and Exchange Commission in July, has signed up with Leading Authorities Inc. to give paid lectures, the speakers’ bureau said Aug. 2. His appearances cost from $20,001 to $75,000, depending on how far he has to travel from Washington, according to estimates on the company’s website.

His cheapest fees are for speeches in the U.S. Those talks range from $20,001 to $35,000. Lectures go from $35,001 to $55,000 in Europe, and $55,001 to $75,000 in Asia.

Piwowar will talk about “where the American economy is heading” and “the right amount of regulation,” according to Leading Authorities.

The former commissioner, who also recently founded consulting firm Piwowar Strategic Initiatives LLC, didn’t have an immediate comment.

Going Rates

The prices for Piwowar mostly line up with the costs for engaging another SEC official-turned-professional speaker, former Chairman Christopher Cox, who served from 2005 to 2009.

Cox, who also is a former Republican congressman from California, charges the same amount as Piwowar for speeches in the U.S. and Europe, but less for talks in Asia, according to estimates from Leading Authorities. Cox is based in California, where he’s a partner at Morgan, Lewis & Bockius LLP.

Piwowar and Cox, however, may cost more than former Commissioner Laura Unger, a Republican who served on the SEC from 1997 to 2002. Her speaking fees range from $10,001 to $35,000, depending on the location, according to estimates from Leading Authorities.

Fees for Democratic former SEC Chairman Arthur Levitt, the only other onetime commissioner represented by Leading Authorities, aren’t listed online by the company. Levitt, who led the commission from 1993 to 2001, is a director of Bloomberg LP, which owns Bloomberg Law.

A representative of Leading Authorities didn’t immediately respond to a request for comment.

To contact the reporter on this story: Andrew Ramonas in Washington at aramonas@bloomberglaw.com

To contact the editor responsible for this story: Seth Stern at sstern@bloomberglaw.com

Copyright © 2018 The Bureau of National Affairs, Inc. All Rights Reserved.

Request Securities & Capital Markets on Bloomberg Law