Governor Corbett Nominates Former Attorney General Jerry Pappert to Pennsylvania Securities Commission

HARRISBURG, Pa., Sept. 26, 2012 /PRNewswire-USNewswire/ -- Governor Tom Corbett today announced he has nominated Jerry Pappert of Plymouth Meeting, Montgomery County, to serve as commissioner on the Pennsylvania Securities Commission.

"Jerry Pappert has proven his leadership and commitment to the Commonwealth throughout his illustrious and successful career," Corbett said. "His exceptional public and private sector experience has prepared him well for this position. I am confident that Jerry will serve Pennsylvania with integrity and honor as a commissioner of the Pennsylvania Securities Commission."

Pappert served in the Pennsylvania Office of the Attorney General for eight years, from 1997-2003 as the First Deputy and from 2003-2005 as the Attorney General.  He has extensive private sector legal experience as well which includes being a partner in a large Philadelphia law firm and the General Counsel of an international biopharmaceutical company based in Pennsylvania.

If confirmed by the Senate, Governor Corbett intends to designate Pappert as Chairman of the Commission.

The Pennsylvania Securities Commission administers and enforces rules and regulations under the Securities Act of 1972, the Takeover Disclosure Law of 1976, and subsequent amendments to those laws. Effective October 1, 2012, the commission will be renamed the Pennsylvania Banking and Securities Commission following the enactment of Act 86.

The Commission's goal is to protect the public from deceptive practices in connection with offers, sales, and purchases of securities in Pennsylvania while encouraging the availability of equity and debt financing to legitimate businesses and industries in or affecting the Commonwealth.

All nominations are subject to confirmation by the Pennsylvania Senate.

For more information, visit the Pennsylvania Securities Commission website at www.psc.state.pa.us.

For more information about Governor Corbett, visit www.governor.pa.gov.

Media contact:  Kevin Harley, 717-783-1116

SOURCE Pennsylvania Office of the Governor