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News & Policy

Judith R. Starr Named General Counsel of PBGC

July 18, 2005

WASHINGTON-The Pension Benefit Guaranty Corporation (PBGC) today announced the appointment of Judith R. Starr as general counsel.

Starr comes to the PBGC from the Department of the Treasury, where she served as chief counsel of the Financial Crimes Enforcement Network (FinCEN) with responsibility for administering the Bank Secrecy Act. At FinCEN, she oversaw the creation of information-sharing mechanisms among government entities and the financial services industry, and the expansion of suspicious-activity reporting and anti-money laundering requirements.

"The pension insurance program requires top-flight talent to handle its pressing financial, legal and administrative challenges," said Executive Director Bradley Belt. "Judith Starr is a superb addition to our leadership team. She brings to her new position both legal and business acumen, as well as a track record of accomplishment in financial regulation and managing complex commercial and governmental transactions. I'm delighted she has agreed to take on the important job of maintaining the pension insurance program's high standard of legal excellence."

Before joining the Department of the Treasury, Starr was assistant chief litigation counsel in the Securities and Exchange Commission's Division of Enforcement. At the SEC, she litigated a number of high profile securities fraud cases, managed the division's bankruptcy enforcement program and testified before Congress about bankruptcy and law enforcement. Starr also served as a special prosecutor for the United States District Court for the Southern District of New York. She has published a number of articles on both securities and bankruptcy law, and is a recipient of the SEC's Stanley Sporkin Award for outstanding contributions to SEC enforcement.

Starr began her legal career as a clerk to Judge William Schwarzer of the U.S. District Court for Northern California. Before entering government service, she was a commercial litigator in private practice in Los Angeles.

Starr received her juris doctor from Harvard Law School, where she served as an editor of the Harvard Law Review, and her bachelor of arts from the College of William and Mary.

The PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in over 31,000 private-sector defined benefit pension plans. The agency receives no funds from general tax revenues. Operations are financed largely by insurance premiums paid by companies that sponsor pension plans and by investment returns.

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PBGC No. 05-52