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