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January 30, 2014

Here’s how the SEC is preparing for life after financial crisis

“After sharing the post for nearly a year, Andrew Ceresney is now the sole enforcement chief at the Securities and Exchange Commission, overseeing more than 1,200 employees in the agency’s largest and most high-profile division.

“It’s not Ceresney’s first stint in the public sector. Early in his legal career, he was a federal prosecutor in Manhattan, working for then-U.S. Attorney Mary Jo White. When White left for private practice, Ceresney joined her at Debevoise & Plimpton in New York.

“And when President Obama tapped White to lead the SEC, Ceresney followed again to lead the enforcement division with George Canellos, who left the agency this month.

“As head of the division, Ceresney sets the agenda for his unit as it pivots away from handling financial crisis cases, and strives to meet White’s promise of a “bold and unrelenting” crackdown on Wall Street abuses. He gets first crack at deciding which cases to bring, when to settle and under what terms.”


Read full Washington Post article here

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