Spitzer Names New Investment Protection Chief

State Attorney General Spitzer today announced the appointment of a new chief of his office's Investment Protection Bureau.

Spitzer tapped David D. Brown, IV, who has served as senior attorney at two prominent Wall Street investment banks and as a securities lawyer in private practice. Brown joined the Attorney General's Office five months ago as an Assistant Attorney General and has led the investigation of illegal trading practices in the mutual fund industry.

"David Brown came to the office with stellar credentials and has done stupendous work in uncovering wrongdoing in the mutual fund industry," Spitzer said. "He knows the way Wall Street works and is committed to rigorous enforcement of state laws to protect investors. "

As Bureau Chief, Brown will lead a staff of 95 people charged with enforcing New York's Martin Act and other laws to protect investors in the securities and real estate industries.

Brown was a vice president and associate general counsel of Goldman, Sachs & Co. from 2000 to 2003. He also served as a senior litigation attorney at Deutsche Bank in 1999, and managing director and vice president at Bankers Trust Corporation from 1994 to 1998. Brown was an associate at the New York City law firm of Davis Polk & Wardwell from 1985 to 1993.

Brown is a 1981 graduate of Harvard College and 1984 graduate of Harvard Law School.

Brown replaces Eric Dinallo, who left the Attorney General's office earlier this year for a job in the private sector.