Alabama Securities Commission Hires New General Counsel
Director Amanda Senn has appointed JonMarc P. Buffa to lead the agency as its new General Counsel.
Updated on Oct. 20, 2026 in Financial Crime
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The Alabama Securities Commission has announced the appointment of JonMarc P. Buffa as its new General Counsel. Buffa joins the commission following a long tenure at the federal level.
Why it matters
The appointment brings extensive federal regulatory experience to Alabama as the commission continues to oversee financial oversight and enforcement efforts within the state.
Buffa brings experience from major financial enforcement actions, having served as lead counsel in the 2020 CFTC v. Metals.com case and the CFTC v. WG Trading case. The Metals.com case involved 30 different state securities regulators.
The players
JonMarc P. Buffa
He is the newly appointed General Counsel for the Alabama Securities Commission with a background in federal financial regulation.
Amanda Senn
She serves as the Director of the Alabama Securities Commission, a position she has held since May 2023.
The details
Director Amanda Senn named JonMarc P. Buffa to the post to bolster the leadership of the Alabama Securities Commission. Buffa spent 18 years at the U.S. Commodity Futures Trading Commission and previously taught financial markets regulation at Georgetown University.
Timeline
2008: JonMarc P. Buffa began his career at the CFTC.
2020: The CFTC initiated the high-profile Metals.com case.
May 2023: Amanda Senn took over as Director of the Alabama Securities Commission.
October 19, 2026: Amanda Senn officially named JonMarc P. Buffa as General Counsel.
Legal Context
The hiring of a veteran counsel who led the multi-state Metals.com enforcement action signals the commission's commitment to cross-jurisdictional cooperation. This move aligns the agency with broader trends in state-level securities regulation that prioritize complex federal-style litigation.
Residents may see an increase in the commission's regulatory oversight and enforcement activity regarding state financial markets. This change could lead to more robust legal responses to financial fraud cases operating within the state borders.
The takeaway
This appointment highlights the growing trend of state agencies recruiting veteran federal regulators to handle increasingly sophisticated financial crime cases. Such strategic hires are intended to enhance the capacity of local commissions to protect regional investors from complex schemes.
Further reading
Find more updates on state enforcement efforts in the Alabama Financial Crime section.
Source note: This article includes information reported by Yellowhammer News.
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