J. W. Verret

J. W. Verret

  • Member, Financial Markets Working Group
  • Affiliated Senior Scholar
  • Assistant Professor, George Mason University School of Law

J.W. Verret is a senior scholar at the Mercatus Center at George Mason University.  From May of 2013 through April of 2015, Verret was on leave to serve as chief economist at House Financial Services Committee. Verret rejoined the Mercatus Center in May of 2015.

As a member of the Mercatus Center's Financial Markets Working Group, he regularly briefs Congressional staff, members of Congress, SEC Commissioners, and other financial regulatory agencies on financial regulation topics. Verret is an assistant professor of law at George Mason University School of Law. His primary research interests are corporate governance, securities regulation, and executive compensation.

He received his JD and MA in public policy in 2006 from Harvard Law School and the Harvard Kennedy School of Government, respectively. While in law school, Verret received an Olin Fellowship in Law and Economics at the Harvard Program on Corporate Governance under the guidance of Professor Lucian Bebchuk.

Verret served as a law clerk for Vice-Chancellor John W. Noble of the Delaware Court of Chancery. Prior to joining the faculty at Mason Law, Verret was an associate in the SEC Enforcement Defense Practice Group at Skadden, Arps in Washington, DC. He has written extensively on corporate law topics, including a recent paper, Delaware's Guidance, coauthored with Chief Justice Myron T. Steele of the Delaware Supreme Court. His academic work has been featured in the Yale Journal on RegulationThe Business Lawyer, the Delaware Journal of Corporate Law, the University of Pennsylvania Journal of Business Law, and the Virginia Law and Business Review. Verret was selected by the Northwestern Law School Searle Center on Law, Regulation, and Economic Growth for a 2009-2010 Searle-Kaufmann Research Fellowship.

Verret has been invited to testify before various Congressional committees regarding all of the central provisions of the Obama administration's 2009 financial regulatory reform proposals.

Verret has been featured in media outlets nationwide, including ABC News, theAssociated Press, Bloomberg, CNBC, CNN, Investor’s Business Daily, and the Wall Street Journal. Verret's writings have been published by outlets including The Chicago TribuneForbes, and the Orange County Register.

Published Research

Working Papers

Policy Briefs

Testimony & Comments

J. W. Verret | Sep 30, 2015
The explosive growth in federally backed loan and guaranty programs has been an appropriate focus of congressional oversight in recent years. The Office of Management and Budget (OMB) estimates the federal government supports over $3 trillion in loans and guarantees. Those loans and guarantees are often shrouded by indirect government support and unreasonable assumptions in government accounting practices. I submit that the Securities Investor Protection Corporation’s (SIPC) provision of securities custody insurance should be an appropriate part of that conversation.
J. W. Verret | Apr 17, 2012
After a careful review of the legislative requirements that the SEC consider investor protection, efficiency, competition and capital formation in adopting new rules, I would like to simply offer a list of six items that would demonstrate a sincere commitment by the SEC to fulfill its statutory mission. The first five I will list are in fact required by law if one carefully reads the legislative and judicial history of the SEC’s mandate to consider the economic impact of new rules.
J. W. Verret | Sep 15, 2011
J.W. Verret testified before the House Committee on Financial Services about proposals to improve the Securities and Exchange Commission (SEC).
J. W. Verret | May 04, 2010
Professor J.W. Verret discusses the question of fiduciary duties for Wall Street brokers and the possible implications new regulations could have on markets.

Research Summaries & Toolkits

Expert Commentary

Jul 19, 2016

The CHOICE Act has much to commend, but incorporating historical lessons would make it more effective at ensuring that the right parties are held accountable for their misdeeds without harming the innocent in the process.
Jul 05, 2016

... it’s worth taking a moment to consider that in a policy world that often finds itself leaping from crisis to crisis, it can be a daunting challenge to draw attention to a complex issue like regulatory reform long enough for policymakers to craft thoughtful proposals. These pieces of thought leadership look to the horizon ahead, an effort that will eventually bear fruit even if they don’t immediately get signed into law.
Jun 09, 2016

The history of administrative law is one generally characterized by courts deferential to agencies. Yet over that history, courts have periodically admonished agencies during both Republican and Democratic administrations for exceeding their statutory or constitutional authority. The Metlife challenge is only one such example.
Apr 08, 2016

As Washington insiders debate the resolution bill recently proposed by the House Natural Resources Committee, it's worth acknowledging that it isn't a rich port city at present. It can be again — and it should be again — but this bill won't get Puerto Rico there.

Contact

J. W. Verret

Links

Books

J. W. Verret | Apr 2016
Dodd–Frank’s Title IV, “The Private Fund Investment Advisers Registration Act,” achieved what the Securities and Exchange Commission (SEC) had tried in vain to do on its own—mandatory SEC registration of advisers to hedge funds.1 Congress, motivated by systemic risk and investor-protection concerns,2 directed the SEC to reinstitute mandatory registration for most advisers to hedge funds and other private funds. In addition, Title IV further limited the pool of potential investors in hedge funds and other private offerings and imposed substantial reporting requirements on private-fund advisers. Title IV will not achieve its objectives of enhancing financial stability and protecting investors—it will impede economic growth instead.

Podcasts

J. W. Verret | December 21, 2015
The Federal Reserve recently raised interest rates to .25 percent. J.W. Verret discusses the implications on the Ed Dean Radio Show.
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