Michael S. Piwowar

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Michael Piwowar
Location Washington, DC
Website www.sec.gov

Dr. Michael (Mike) Piwowar is a former Republican member of the Securities and Exchange Commission. He was sworn in to that office on August 16, 2013,[1] replacing Troy Paredes, who resigned August 3.[2] Piwowar was succeeded by Elad Roisman on September 11, 2018.[3] [4]

Piwowar joined the SEC after having served as chief economist for the Senate Banking Committee, where he worked under Ranking Member Mike Crapo and former Ranking Member Richard Shelby. [5] He also worked as a senior economist at the President’s Council of Economic Advisers (CEA), where he served in both the George W. Bush and Barack Obama Administrations.[6]


After earning his Ph.D., Piwowar accepted a position at Iowa State University as an assistant professor of finance. During that time, he worked on assignment as a visiting scholar at the SEC. In 2004, he joined the SEC on a permanent basis, in the commission's office of economic analysis. He later joined Securities Litigation and Consulting Group, Inc. (SLCG), an economics and consulting firm. From there, he went on to work at the White House, Senate Banking Committee and, ultimately, rejoining the SEC as commissioner.

Among his work on Capitol Hill, Piwowar worked on such legislation as the Dodd-Frank Act and the JOBS Act. His academic research has been published in such publications as Journal of Finance, the Journal of Financial Markets and the Journal of Law and Economics, and his work has been cited in The Economist, the Wall Street Journal and the Financial Times.


Piwowar earned a B.A. from Pennsylvania State University, an M.B.A. from Georgetown University, and a Ph.D. in Finance from Pennsylvania State University.