Elizabeth P. Gray will serve as President. Ms. Gray is a retired partner at Willkie Farr and Gallagher LL and former Co-Chair of Willkie’s Securities Litigation & Enforcement Practice. She served as Assistant Director in the SEC’s Division of Enforcement and Counsel to Chair Arthur Levitt.
Ms. Gray said, “I’m honored to lead the SEC Historical Society and am passionate about preserving the history of securities regulation and the evolution of our financial markets. The Society’s Virtual Museum is a tremendous resource that tells the story of how the SEC has regulated the capital markets and captures the depth of those who have been part of that story.”
Ms. Gray succeeds Lori A. Richards, who becomes Chair. Ms. Richards served with the SEC from 1985 to 2009 in the Division of Enforcement, on the executive staff of Chairman Arthur Levitt, and as the first Director of the Office of Compliance Inspections and Examinations. She subsequently served as a Principal at PwC and a Managing Director at JPMorgan.
“As the incoming Chair of the Society, I’m happy to support its role in the preservation of the SEC’s vibrant history. I’m looking forward to working with Elizabeth, the Executive Committee and the Board of Trustees to ensure that the Virtual Museum continues to capture the stories of the SEC’s work to protect investors over the years. And looking ahead, we’ll be making some terrific enhancements to our Virtual Museum this year to be sure it continues serve as a valuable resource,” said Ms. Richards.
Ms. Richards succeeds Meredith B. Cross as Chair. Ms. Cross is Senior Counsel in the Securities and Transactional Departments at WilmerHale’s New York and Washington, D.C. offices and former Director of the SEC’s Division of Corporation Finance. She will continue to serve on the Board of Trustees.

In addition to Ms. Gray and Ms. Richards, the 2026 officers are:
Newly appointed Trustee:
Robert L.D. Colby, Executive Vice President and Chief Legal Officer at FINRA, was appointed to the Board of Trustees for a three-year term beginning this year and ending in 2028.
Three Trustees re-appointed to serve an additional three-year term:
The new officers, newly appointed Trustee, and re-appointed Trustees join the following members of the Society Board:
The Society is grateful to the following leaders for serving two terms on the Board of Trustees and for their commitment to its future success through service on the Advisory Board: James W. Barratt, Managing Director, Commercial Damages & Investigations at Vertex, and Alan L. Dye, Partner, Corporate and Finance at Hogan Lovells US LLP.
To learn more about the virtual museum of securities regulation, visit sechistorical.org. Explore a unique collection of oral histories, photos, galleries, programs, and documents.
For media inquiries or questions about the announcement, contact Executive Director Kathleen Graham at k.graham@sechistorical.org.