New deputy commissioner of DFR’s Securities Division is appointed

Michael S Pieciak, commissioner of the Vermont Department of Financial Regulation, announced today the appointment of William R Carrigan as deputy commissioner of the Securities Division. Carrigan is a certified fraud examiner and joined the division in 2007 as a securities examiner. He had served as director of examinations and enforcement at DFR since 2014. He worked closely with the FBI and IRS to expose the $28 million Mac Parker Ponzi scheme, which involved hundreds of investors, and he was a member of the team that investigated the recent Jay Peak EB-5 matter that resulted in federal and civil lawsuits. Carrigan also spearheaded the inquiry that led to the recent $5.9 million settlement with Raymond James and Associates.

Pieciak said Carrigan’s experience and expertise in the field of securities is invaluable to the department.

“Bill’s dedication to protecting Vermonters’ hard-earned money from fraud is unmatched,” he said. “Vermonters have received millions of dollars through enforcement actions as a direct result of Bill’s efforts and I look forward to Bill’s continued leadership in his new role.”

Carrigan said he is grateful for the opportunity to continue serving DFR and eager to begin his new responsibilities.

“I look forward to continuing the mission of the division and protecting Vermont investors. We are fortunate to have a group of dedicated professionals in the Securities Division and I am proud to be working alongside them,” he said.

Carrigan has more than 20 years of experience in the securities industry and held various positions prior to joining the division. He holds a master’s degree in forensic studies and a bachelor’s degree in business management and is a member of the Association of Certified Fraud Examiners and the North American Securities Administrators Association.

Carrigan replaces Pieciak who was named commissioner on July 5.

http://www.vermontbiz.com/news/july/new-deputy-commissioner-dfr%E2%80%99s-securities-division-appointed

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• Vermont EB5 Regional Center

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