Thursday, August 19, 2010

MCC YPs Profile: Eric Dinallo, New York Democratic Attorney General Candidate

The Manhattan Chamber of Commerce Young Professionals Committee is hosting a Night with the New York Democratic Attorney General Candidates on Tuesday, August 24.   The event is free for all committee members, and $15 for non-members.  Please tell a friend!

The evening will be moderated by Greg David of the CUNY School of Journalism, and will feature three candidates: Richard Brodsky, Sean Coffey and Eric Dinallo. 

Eric Dinallo began as an Assistant District Attorney in the Manhattan D.A.’s office under Robert Morgenthau. He went after repeat felony offenders and put violent criminals behind bars. He took on enterprise corruption and aggressively prosecuted some of the state’s first insider trading cases. As an Assistant Attorney General, Eric led the Investor Protection Bureau and prosecuted fraud and abuse on Wall Street. He resurrected the decades-old Martin Act to investigate conflicts of interest that took advantage of average investors. The groundbreaking casework resulted in the $1.4 billion settlement from the nation’s largest financial firms, including Merrill Lynch, Citigroup and Bear Sterns. The case also secured important reforms to protect consumers and prevent the abuses from happening again and helped to transform the Attorney General’s office into the powerhouse it is today.

As Managing Director of Global Regulatory Affairs at Morgan Stanley, and the General Counsel at Willis Group Holdings, Eric led internal reviews and audits to certify that the firms complied with regulations to protect customers, acting as an internal watchdog and ensuring that companies played by the rules and treated their customers fairly.

Most recently, as the New York State Superintendent of Insurance, Eric developed a reputation for being what the New York Times called a “regulator not stymied by red tape.” He was responsible for regulating and investigating insurance companies – from auto to life to health – and took his watchdog approach to examine how they treated policyholders. He co-chaired New York’s Universal Health Insurance Task Force, provided access to health insurance for 400,000 uninsured New Yorkers and extended insurance benefits to same-sex couples. And when the nation faced its biggest economic challenge in a generation, Eric played a key role in addressing the global financial crisis by making sure that AIG’s policyholders were protected.

No comments:

Post a Comment