Wu Shuo learns that the United States Securities and Exchange Commission (SEC) announced that Margaret A. Ryan, Director of the Enforcement Division, has resigned, and Sam Waldon, Chief Deputy Director, will serve as Acting Enforcement Chief effective March 16. SEC Chair Paul Atkins stated that Ryan, during her tenure, promoted the Enforcement Division to refocus on securities fraud and market manipulation cases, and reduced the enforcement priority on technical violations. The SEC expects to announce a new formal head in the coming weeks.
Wu Shuo learns that the United States Securities and Exchange Commission (SEC) announced that Margaret A. Ryan, Director of the Enforcement Division, has resigned, and Sam Waldon, Chief Deputy Director, will serve as Acting Enforcement Chief effective March 16. SEC Chair Paul Atkins stated that Ryan, during her tenure, promoted the Enforcement Division to refocus on securities fraud and market manipulation cases, and reduced the enforcement priority on technical violations. The SEC expects to announce a new formal head in the coming weeks.