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Babson professor Sirri is new SEC director of market regulation

WASHINGTON --Erik R. Sirri, a Babson College professor and economist who specializes in the structure of securities markets, has been named the new director of market regulation at the Securities and Exchange Commission, the agency announced Monday.

The appointment by SEC Chairman Christopher Cox fills a high-level position at the agency, head of the division overseeing the nation's stock exchanges, which has been without a permanent director for months.

Sirri, 48, was the SEC's chief economist from 1996 to 1999. He is a finance professor at Babson and is currently a visiting scholar at Harvard Law School.

Sirri also has been a member of the economic advisory board of the Nasdaq Stock Market and of the board of the Boston Options Exchange, and was a governor of the Boston Stock Exchange.

Before his career in finance and economics, he worked for several years on planetary astronomy missions for NASA and on space surveillance sensors in the aerospace industry.

He will assume the job on Sept. 12.

Sirri has a bachelor's degree in astronomy from the California Institute of Technology, an MBA from the University of California at Irvine and a doctorate in finance from the University of California at Los Angeles.

Last month, Cox named Conrad Hewitt, an accountant with experience in corporations, state government and a Big Four accounting firm, as the agency's new chief accountant.

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