Professor David Rosenfeld was quoted in the Wall Street Journal article “SEC Has Limited Options to Regulate Elon Musk.” According to the article, the Securities and Exchange Commission (SEC) has tried for several years and failed to get Elon Musk to behave more like a typical corporate leader. The SEC has sued Musk and attempted to restrain certain public comments that have the potential to move markets. Professor Rosenfeld, a former SEC official, remarked about the difficulties the agency faces in trying to constrain the Tesla executive’s public comments noting that, “Musk has been poking the bear because he knows he can get away with it.”
Professor Rosenfeld joined the NIU Law faculty in 2015. He teaches courses in securities regulation, business law and contracts. Before joining the NIU Law faculty, Professor Rosenfeld worked for many years at the U.S. Securities and Exchange Commission (SEC). As co-head of Enforcement for the SEC’s New York office, Professor Rosenfeld supervised teams of attorneys in investigating and prosecuting violations of the federal securities laws, including cases of insider trading and accounting fraud. Prior to working at the SEC, Professor Rosenfeld was in private practice at Davis Polk & Wardwell in New York. Professor Rosenfeld also taught at the University of Virginia, and served as a law clerk to the Honorable A. Raymond Randolph of the United States Court of Appeals for the District of Columbia Circuit. At the SEC, Professor Rosenfeld led numerous prominent investigations, including the Galleon insider trading cases and the New York Stock Exchange Specialist cases.
Professor Rosenfeld graduated from Harvard Law School, where he was an editor of the Harvard Law Review, and received a Ph.D. in Political Theory from Columbia University.
