After 17 years as SEC Solicitor -- and 53 years of service at the SEC -- Jacob H. Stillman is stepping down from the Solicitor position. The SEC announced today that Stillman will remain as senior advisor to Michael A. Conley, who has been appointed as the new SEC Solicitor.
As Solicitor, Stillman led the SEC's Office of the General Counsel’s Appellate Group in representing the Commission in appellate litigation in federal courts of appeals, including (in conjunction with the U.S. Solicitor General), the U.S. Supreme Court.
Last year, Stillman was honored by the Association of Securities and Exchange Commission Alumni (ASECA) with its prestigious William O. Douglas Award. Since 1992 the award has been given annually to "an SEC alumnus who has contributed to the development of the federal securities laws or served the financial and SEC community with distinction." In 2008, Stillman received the Federal Bar Association's 48th Annual Justice Tom C. Clark Award for Outstanding Government Attorney. At that time, Brian Cartwright, the SEC's General Counsel, stated that
"Jake Stillman is a living legend among securities lawyers, both inside and outside the Commission. His expertise and experience are unparalleled. Those of us who work beside Jake feel honored and humbled to be able to do so. No one could more truly deserve this high honor."
In a statement today, SEC Chair Mary Jo White said that “no one has left more of an imprint on the nation’s securities laws than Jake, whose keen legal analysis and sound judgment have been essential to advancing the agency’s mission.”
Conley, the new SEC Solicitor, has been the SEC’s Deputy General Counsel for Appellate Litigation and Adjudication since 2011 and previously served as its Deputy Solicitor. The SEC also announced that Sanket J. Bulsara, a partner at WilmerHale, has been appointed to succeed Conley later this month as Deputy General Counsel.