Paul Carey

Paul Robert Carey (October 18, 1962June 14, 2001) served as White House Special Assistant to U.S. President Bill Clinton and as 77th Commissioner of the Securities and Exchange Commission. He was the 7th son of former U.S. Congressman and New York Governor Hugh Carey and his late wife Helen, and one of their 14 children.

Youth and education

Carey grew up in his family's New York homes in Brooklyn and Shelter Island, and in the New York State Executive Mansion in Albany. As a boy, he cared for developmentally challenged youths at Camp Shelter Island, and later as a young man he worked with physically challenged skiers. He graduated from the Doane Stuart School in Albany, and received a B.A. in economics from Colgate University in Hamilton, New York.

Professional life

After college, Carey worked in the securities industry, focusing on equity investments for institutional clients. In 1992, he joined the Clinton-Gore Presidential Campaign, serving as Northeast finance director. He continued working in the Clinton White House in 1993, as Special Assistant to the President for Legislative Affairs. Carey was an important liaison to the United States Senate for President Clinton, focusing on banking, financial services and securities law issues, among others. He also worked on judicial selection and handled Senate confirmation for many administration nominees. Carey was noteworthy for being President Clinton's main connection to New York Senators Alfonse D'Amato and Daniel Patrick Moynihan.

Serving as SEC Commissioner

In 1997, President Clinton nominated Carey to the Securities and Exchange Commission, to succeed outgoing commissioner, Steven Wallman. The Senate confirmed Carey on October 21, 1997, for a five-year term. As an SEC commissioner, Carey championed private accounts for the investment of government Social Security funds.

Death and foundation

Paul Carey died in 2001 from a rare endocrine cancer called Pheochromocytoma. After his death, his family established the Paul Robert Carey Foundation to provide quality of life funds for cancer patients and others facing physical, mental or emotional challenges.


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