SEC Enforcement Director Andrew Ceresney will leave the SEC by the end of the year. Under Mr. Ceresney's leadership, the Enforcement Division completed a record number of enforcement actions and monetary remedies, filing more than 2,850 enforcement actions and obtaining judgments and orders totaling more than $13.8 billion in monetary sanctions.
SEC Chair Mary Jo White issued a statement saying that Mr. Ceresney was an effective leader, adding:
"Under [Ceresney's leadership], the Enforcement Division took its already robust enforcement program to an even higher level, achieving unprecedented results, including . . . first-of-their-kind cases and a first ever admissions policy for a civil law enforcement agency."
Upon Mr. Ceresney's departure, Stephanie Avakian, current Deputy Director of the SEC's Enforcement Division, will become the Acting Director. Ms. Avakian was a partner at Wilmer Hale before joining the SEC in this role, and before that, she worked in the SEC Enforcement Division and as a counsel to SEC Commissioner Paul Carey.
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