Kathleen Weiss Hanley (Deputy Chief Economist and Deputy Director) joined the Commission in 2011. Prior to that time, she was a Senior Economist at the Board of Governors of the Federal Reserve System and a Senior Financial Economist at the SEC. She has been on the faculty at the University of Maryland as an Associate Professor (with tenure) and at the University of Michigan as an Assistant Professor. Hanley has written extensively on various topics in finance with an emphasis on initial public offerings, price stabilization, short selling, disclosure, litigation risk, and closed-end funds. Her research has been published in leading finance journals such as The Journal of Finance, Journal of Financial Economics, The Review of Financial Studies, Journal of Financial Intermediation, and Financial Management. She received her Ph.D. in Finance from the University of Florida and her undergraduate degree from Indiana University.