Lorraine B. Echavarria


Echavarria, Lorraine

Lorraine Echavarria represents public companies, corporate officers, financial institutions, hedge funds and other financial market participants facing government investigations and enforcement actions. She conducts internal investigations for boards and audit committees, and provides advice and guidance to businesses on corporate governance and compliance issues.

Ms. Echavarria previously spent more than 15 years at the US Securities and Exchange Commission, where she most recently served as Associate Regional Director and head of the enforcement program for the Los Angeles Regional Office. In this role, Ms. Echavarria oversaw all the office's attorneys and accountants in the investigation and litigation of federal securities law violations in Southern California, Arizona, Nevada, Hawaii and Guam. She supervised a broad range of investigations involving every major subject area in the SEC's enforcement program, including financial reporting and disclosure, the Foreign Corrupt Practices Act, securities registration and offering fraud, insider trading, hedge fund regulation, market manipulation, investment adviser and broker-dealer regulation, and matters arising out of all of the SEC's specialized units.  

Before joining the SEC in 2000, Ms. Echavarria worked for several years as an associate at two other Los Angeles-based law firms.

Publications & News


October 12, 2017

SEC Enforcement’s New Leadership and (Likely) Priorities

In this article, published by BoardIQ, Lorraine Echavarria analyzes the focus areas for the Securities and Exchange Commission's new leadership and how those initiatives will impact mutual fund board directors.

September 27, 2017

When the Inevitable Happens: When to Self-Report Securities Law Violations and What to Expect When You Do

In this article, published by The Investment Lawyer, Lorraine Echavarria discusses the benefits of self-reporting violations to the Securities and Exchange Commission (SEC); the SEC's treatment of different types of violations after they are self-reported; the practical considerations companies should weigh before self-reporting; and the ways the SEC can encourage more self-reporting in the future.

December 2, 2016

Change and Continuity in Securities Regulation

Given the fluidity of the regulatory environment, making accurate predictions regarding what to expect from the SEC under a new Administration and a new Chair is difficult. Nevertheless, in this Client Alert we explore possible key areas of securities regulation that may be affected under the new Administration. This Client Alert was republished by the Harvard Law School Forum on Corporate Governance and Financial Regulation.

October 11, 2016

Former SEC Associate Regional Director Lorraine Echavarria to Join WilmerHale’s Los Angeles Office

Lorraine Echavarria, the former head of enforcement in the Securities and Exchange Commission's Los Angeles office, has joined WilmerHale's Securities Litigation and Enforcement Practice.

October 11, 2016

Former SEC enforcement head joins WilmerHale

An article in the Los Angeles Daily Journal discusses the addition of Lorraine Echavarria to the firm's Securities Litigation and Enforcement Practice.


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JD, cum laude, New York University School of Law, 1997

BA, Law and Society, Highest Honors, University of California, Santa Barbara, 1994

Bar Admissions


Government Experience

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