Michael Cavers
About Michael Cavers
Michael Cavers is a Securities Compliance Examiner at the U.S. Securities and Exchange Commission, specializing in security-based swaps. He has a background in financial regulation and corporate finance, with previous roles at FINRA and various accounting positions.
Work at U.S. Securities and Exchange Commission
Michael Cavers has been employed at the U.S. Securities and Exchange Commission (SEC) as a Securities Compliance Examiner since 2021. He works within the Office of Security-Based Swaps, focusing on regulatory compliance related to security-based swaps. His role involves overseeing compliance with securities laws and regulations, ensuring that market participants adhere to established standards.
Previous Experience at FINRA
Before joining the SEC, Michael Cavers served as a Principal Examiner at the Financial Industry Regulatory Authority (FINRA) from 2015 to 2021. During his six years in this role, he was based in Chicago, IL, where he conducted examinations and assessments of financial firms to ensure compliance with industry regulations.
Education and Expertise
Michael Cavers holds a Bachelor of Science in Accounting from DeVry University and has also studied Finance at the University of Illinois Urbana-Champaign. His educational background supports his expertise in financial regulation, corporate finance, and corporate accounting, which are essential for his current role in securities compliance.
Background in Corporate Finance and Accounting
Cavers has a diverse background in corporate finance and accounting. He worked as a Staff Accountant at IPC International from 2008 to 2011 and later served as a Controller at Myerson for one year in 2014-2015. Additionally, he held the position of Assistant Controller at AKIRA Chicago for seven months in 2013. This experience has contributed to his comprehensive understanding of financial operations and regulatory compliance.
Contributions to Security-Based Swaps Regulation
At the SEC, Michael Cavers played a key role in establishing the Office of Security-Based Swaps. He was involved in the development and implementation of examination and surveillance programs specifically designed for security-based swaps, which are critical for maintaining market integrity and protecting investors.