SEC Deputy Enforcement Head Said to Leave for Justice Job

Lorin Reisner, the U.S. Securities and Exchange Commission’s deputy head of enforcement, is leaving the agency to take a job as a top federal prosecutor in New York, two people with knowledge of the matter said.

Reisner will become the chief of the criminal division for the U.S. Attorney’s Office for the Southern District of New York, the people said, speaking on condition of anonymity because the decision isn’t yet public. He is expected to start the job early next year pending routine background checks, the people said.

Reisner, who joined the SEC in 2009, has taken the lead on some of the agency’s highest-profile cases to come from the financial crisis, including the $550 million settlement with Goldman Sachs Group Inc. over claims it misled investors in a financial product linked to subprime mortgages. Before joining the SEC, Reisner had been a litigation partner at law firm Debevoise & Plimpton for 13 years.

U.S. Attorney Preet Bharara sent an e-mail to staff today announcing Reisner’s appointment, one person said. Reisner will take over the post from Jonathan Kolodner, who will become special counsel to Bharara after serving as interim chief of the criminal division, the person said.

Reisner previously worked in the same U.S. Attorney’s office from 1990 to 1994, where he investigated financial crimes, public corruption, organized crime, narcotics and firearms offenses. During that time, he received the Director’s Award for Superior Performance, according to a press release issued when he joined the SEC.

Reisner started his career as a law clerk for U.S. District Judge Milton Pollack after receiving degrees from Harvard Law School and Brandeis University.

A phone call to Reisner wasn’t immediately returned. Carly Sullivan, a spokeswoman for the U.S. Attorney’s office, declined to comment.

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