SEC Senior Lawyer Joins FlowServe

© 2018 The Texas Lawbook.

By Mark Curriden

(May 14) – Irving-based Flowserve Corp. is expected to announce later this month that it has hired Michael Jackman, an experienced corporate regulator and prosecutor with the U.S. Securities and Exchange Commission, to help lead the company’s corporate compliance group’s internal investigative unit.

Jackman’s departure is the latest blow for the SEC’s Fort Worth Regional Office, which has seen several of its top and most experienced lawyers leave for the private sector during the past year. Because of budget restraints imposed by Trump Administration officials, the SEC is under a hiring freeze and cannot replace those who have left the federal agency’s operation.

“The SEC’s Fort Worth office has some amazing people who truly care about protecting investors from scams and frauds,” said Jackman, who has been a lawyer for the enforcement division for nearly eight years.

Jackman, who worked for years on the SEC’s Foreign Corrupt Practice’s Act Unit, said he expects to join Flowserve, which is a global maker of industrial and environmental equipment employing 18,000 people in 55 countries, at the end of May.

“As part of the FCPA unit, I got to see how business operates around the world,” he said. “I hope to be able to use that experience at Flowserve.”

Born in Annapolis, Jackman grew up in a family of journalists. His father was the White House correspondent for the New York Daily News and covered the Iran Contra hearings before Congress. His mother wrote for the Washington Telegram.

“I watched the hearings on TV and was immediately hooked,” he said. “I remember Brandan Sullivan representing Oliver North and I was very impressed.”

Jackman, who is 43, received his law degree from the Washington College of Law at American University. He worked for six years as a lawyer for Fried Frank in the firm’s white-collar defense and securities enforcement practice.

“When you practice before a federal regulatory agency, you wonder what it is like to be on the other side,” he said. “The agency lawyers seemed they were having more fun than we were.”

During his eight years at the SEC, Jackman was involved in several large cases, including the fraud cases against executives at Life Partners, PGI Energy and Petroforce Energy.

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