Mr. Babits was recognized by the SEC with a Capital Market Award.
VERO BEACH, FL, August 18, 2023 /24-7PressRelease/ -- Joseph Babits, JD, has been included in Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.
Mr. Babits is the Shell Group lead U.S. Securities counsel/associate counsel for Shell USA inc. Shell USA parent Shell plc, a global energy company based on London. Shell plc shares are listed in U.K., the Netherlands and the US. Accordingly Shell plc must comply with U.K., the Netherlands and US securities regulations. His responsibilities are widespread. Among his daily activities, Mr. Babits is involved in all aspects relating to U.S. securities law, including all 34 and 34 act reports, public offerings, M&A, and investigations. He has represented Shell plc in investigations by the SEC Division of Enforcement, US Department of Justice and the US Senate Permanent Subcommittee on Investigation. Additionally, he helps ensure compliance with the U.S. Securities and Exchange Commission (SEC) rules and regulations and is part of a team that includes U.K. and Netherlands attorneys. As a result he has developed extensive knowledge of UK and EU securities and disclosure rules and regulations. Moreover, he serves as an advisor to the Shell disclosure committee and is a member of its financial controls and reporting committee and the company's Carbon Reporting Committee.
Leveraging more than 30 years of expertise, Mr. Babits spent many years with the SEC in Washington, D.C., as an attorney advisor and special counsel in the Division of Corporate Finance from 1991 to 1997. He then spent approximately a year with Morgan Lewis and Bockius as associate in their securities group, where he advised on US securities laws. In 1998 he returned to the US Securities and Exchange Commission and served as special counsel in the office of Chief counsel where he was primarily engaged in rulemaking. He was awarded the SEC Capital Markets Award and in 1999 to 2002 he served as Counsel to Commissioner Issac C. Hunt, where he advised on enforcement case and rulemakings. In 2002 he returned to the Division of Corporate Finance where he helped negotiate the Corporate Governance Rules of the NYSE and Nasdaq and was the principal drafter of the SEC Non-GAAP rules. Looking toward future opportunities, he plans to run for Congress in Florida as a Republican in 2024.
In preparation for his career, Mr. Babits received a Bachelor of Arts in economics in 1985 and a Master of Business Administration in finance and investments in 1988 from The George Washington University, followed by a Doctor of Jurisprudence from the Antonin Scalia Law School at George Mason University in 1991, where he was a member of the Law Review. Mr. Babits has also participated as a faculty member of the Practising Law Institute seminar on Global Capital and US Securities laws 2021, 2022, 2023.
Mr. Babits attributes his success to God and his family, his father, mother, wife and daughter. He also credits his education and accounting knowledge to his career accomplishments because they helped him prepare for his career as a securities lawyer. Of his many accomplishments he is most proud of raising a daughter who loves God, her family and has developed into a strong woman who has the wisdom to know when to say yes and courage to say no.
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