SEC Enforcement Chief Alex Oh Resigns Days After Taking Job
- Her abrupt resignation is a major setback for Gary Gensler
- Oh cites issues arising from previous work in private practice
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The U.S. Securities and Exchange Commission’s new enforcement chief abruptly resigned Wednesday, citing a complication in a case from her prior legal career, an early and significant setback in Chairman Gary Gensler’s tenure running the Wall Street regulator.
Alex Oh’s surprise move, announced just a week after she got the job, means Gensler won’t have his preferred pick leading what’s arguably the agency’s most important division. Melissa Hodgman, who was previously serving as acting director of the enforcement unit, will return to that role, the SEC said in a statement.