Paul Carey (politician)

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Paul Robert Carey (October 18, 1962 – June 14, 2001) was an American public servant from the State of New York. During his career, he served as a White House Special Assistant to U.S. President Bill Clinton and as the 77th Commissioner of the Securities and Exchange Commission.

Youth and education[]

Carey was the seventh son of New York Governor Hugh Carey and Helen (Owen) Carey. He grew up in Brooklyn, Shelter Island, and the New York State Executive Mansion in Albany. As a boy, he cared for developmentally challenged people at Camp Shelter Island. As a young man, he worked with physically challenged skiers. He graduated from the Doane Stuart School in Albany before receiving a B.A. in economics from Colgate University in Hamilton, New York.^[1]

Professional life[]

After college, Carey worked in the securities industry, focusing on equity investments for institutional clients. In 1992, he joined the Clinton-Gore Presidential Campaign, serving as northeast finance director.

Carey began working in the Clinton White House in 1993, as Special Assistant to the President for Legislative Affairs. He was a liaison to the United States Senate for President Clinton, focusing on banking, financial services and securities law issues. He also worked on judicial selection and handled Senate confirmation for many administration nominees. Carey was noteworthy for being President Clinton's main connection to U.S. Senators Alfonse D'Amato and Daniel Patrick Moynihan of New York.

SEC Commissioner[]

In 1997, President Clinton nominated Carey to the Securities and Exchange Commission to succeed outgoing commissioner, Steven Wallman. The Senate confirmed Carey on October 21, 1997 for a five-year term. As SEC commissioner, Carey championed private accounts for the investment of government Social Security funds.^[2]

Death and foundation[]

Carey died in 2001 from a rare endocrine cancer called pheochromocytoma. After his death, his family established the Paul Robert Carey Foundation] to provide quality of life funds for cancer patients and others facing physical, mental or emotional challenges.

References[]

External links[]

• Paul Carey Speech: "The Independent Counsel Requirement of the Fund Governance Proposal" (2000) from the U.S. SEC
• Paul Carey Speech: "Technology, Capital Markets and the Digital Divide" (2000) from the U.S. SEC