[5] In 1998, Nazareth joined the Securities and Exchange Commission as senior counsel to former SEC chairman Arthur Levitt and served briefly as the interim director of the Division of Investment Management.

[6] According to the SEC, "Ms. Nazareth also championed the introduction of prudential regulatory principles to the Commission's work under the Consolidated Supervised Entity program, a voluntary supervisory regime for the nation's largest investment bank holding companies.

When Congress passed the Gramm-Leach-Bliley Act, it created a significant regulatory gap by failing to give to the SEC or any agency the authority to regulate large investment bank holding companies, like Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns.

"[9] In 2020 Mark Carney established a taskforce for scaling the voluntary carbon markets, chaired by Bill Winters with Nazareth as the operations lead.

After a public consultation process, the group released its first report[10] at Davos 2021[11] that recommended[12] the establishment of an umbrella governance body to improve the robustness of carbon offsets.