Steven Wallman

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Steven Wallman was Commissioner of the U.S. Securities and Exchange Commission (SEC) from 1994 to 1997, for which he was appointed by Bill Clinton. He founded FOLIOfn, headquartered in the Tysons Corner, Virginia suburbs of Washington DC in 1998.

In his time with the SEC, he fought for the "decimalization" (i.e. $10.25) of stock prices on the New York Stock Exchange, NASDAQ, and AMEX. Previously, stocks traded in fractions (i.e. $10¼). After much testing and various pilot programs, the first day of decimalized stock prices took place on March 26, 2001.