New deputy commissioner of DFR’s Securities Division is appointed
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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.