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June 12. 2012 9:21PM
Glennon named new director of Securities Regulation
MANCHESTER— Attorney Barry J. Glennon was named director of the New Hampshire Bureau of Securities Regulation on Tuesday by Secretary of State William Gardner.
“Barry brings a wealth of experience to this position, both inside and outside of government,” Gardner said in a statement.
Glennon, 54, who previously served as deputy director, replaces Joseph C. Long, who stepped in as interim director in June 2010.
“My No. 1 priority going forward is to continue to protect New Hampshire investors from securities fraud,” Glennon said in a telephone interview.
“The bureau will continue to aggressively but fairly pursue cases as necessary,” he said. “The bureau has been active with respect to enforcement matters both on a state and a national level. We participate with other states on investigations and enforcement actions and hope to continue to do that in the future as well as a strong enforcement.”
Glennon said Kevin Moquin, senior staff attorney, will succeed him as a deputy director. Attorney Jeffrey D. Spill also will remain as a Deputy Director.
Gardner appointed Long Joseph C. Long, a retired law professor, as interim director of the Bureau of Securities Regulation after former director Mark Connolly resigned in the wake of the Financial Resources Mortgage Inc. scandal.
Connolly has since written a book in which he accused the state, in particular the Attorney General’s office, of a cover up.
Yesterday, Connolly praised the selection of Glennon.
“I have known Barry for 25 years, where we worked together at Chubb Life, and I recommended his being hired at the BSR. He is one of the most honorable, capable and diligent people I have had the pleasure of knowing,” Connolly said.
Long has returned to Oklahoma.
The securities bureau has a staff of six attorneys and seven examiners and administrative positions.
Glennon was employed for 17 years by the former Chubb Life and Jefferson Pilot Financial insurance companies, where he held a variety of field management positions including assistant vice president of market conduct.
Glennon earned his undergraduate degree from Saint Anselm College and law degree from the Massachusetts School of Law at Andover. He has been a member of the New Hampshire Bar since 2000.
He lives in Manchester with his wife and two sons.
Glennon said he is deeply concerned about the potential for fraud from the loosening of rules for “crowdfunding” under the federal JOBS Act that will allow startups to raise as much as $10,000 from individuals without having to register the investments as securities.
He said is working with the North American Securities Administrators Association to monitor federal Securities and Exchange Commission progress on writing rules to govern crowdfunding.
Denis Paiste may be reached at dpaiste@unionleader.com.
“Barry brings a wealth of experience to this position, both inside and outside of government,” Gardner said in a statement.
Glennon, 54, who previously served as deputy director, replaces Joseph C. Long, who stepped in as interim director in June 2010.
“My No. 1 priority going forward is to continue to protect New Hampshire investors from securities fraud,” Glennon said in a telephone interview.
“The bureau will continue to aggressively but fairly pursue cases as necessary,” he said. “The bureau has been active with respect to enforcement matters both on a state and a national level. We participate with other states on investigations and enforcement actions and hope to continue to do that in the future as well as a strong enforcement.”
Glennon said Kevin Moquin, senior staff attorney, will succeed him as a deputy director. Attorney Jeffrey D. Spill also will remain as a Deputy Director.
Gardner appointed Long Joseph C. Long, a retired law professor, as interim director of the Bureau of Securities Regulation after former director Mark Connolly resigned in the wake of the Financial Resources Mortgage Inc. scandal.
Connolly has since written a book in which he accused the state, in particular the Attorney General’s office, of a cover up.
Yesterday, Connolly praised the selection of Glennon.
“I have known Barry for 25 years, where we worked together at Chubb Life, and I recommended his being hired at the BSR. He is one of the most honorable, capable and diligent people I have had the pleasure of knowing,” Connolly said.
Long has returned to Oklahoma.
The securities bureau has a staff of six attorneys and seven examiners and administrative positions.
Glennon was employed for 17 years by the former Chubb Life and Jefferson Pilot Financial insurance companies, where he held a variety of field management positions including assistant vice president of market conduct.
Glennon earned his undergraduate degree from Saint Anselm College and law degree from the Massachusetts School of Law at Andover. He has been a member of the New Hampshire Bar since 2000.
He lives in Manchester with his wife and two sons.
Glennon said he is deeply concerned about the potential for fraud from the loosening of rules for “crowdfunding” under the federal JOBS Act that will allow startups to raise as much as $10,000 from individuals without having to register the investments as securities.
He said is working with the North American Securities Administrators Association to monitor federal Securities and Exchange Commission progress on writing rules to govern crowdfunding.
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Denis Paiste may be reached at dpaiste@unionleader.com.
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