[1] He has also founded several companies, including Folio Financial, Inc. and Proxy Governance, Inc. Steven Wallman was sworn in as a commissioner of the SEC on July 5, 1994, having been appointed by Bill Clinton.
[1] Wallman previously was a partner at law firm Covington & Burling.
After much testing and various pilot programs,[citation needed] the first day of decimalized stock prices took place on March 26, 2001.
Wallman is the founder of several companies, including Folio Financial, Inc. (acquired in 2020 by Goldman Sachs) and Proxy Governance, Inc.
In late September 2008, Wallman published a commentary in the San Francisco Chronicle to help solve the credit crisis without a bailout by using taxpayer-provided funds to make money available to homeowners who live in their homes (and not speculators) to stabilize housing.