SEC Names N.J. Attorney General as Enforcement Director
- Grewal will oversee agency’s largest and most-visible unit
- Former prosecutor previously worked on white-collar crimes
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New Jersey Attorney General Gurbir Grewal will lead the U.S. Securities and Exchange Commission’s enforcement division, putting a well-known former prosecutor in charge of the unit that polices Wall Street.
SEC Chair Gary Gensler announced the pick on Tuesday, touting his experience at state and federal levels. Gensler’s first pick, Alex Oh, resigned within days of taking the job after a federal judge questioned her conduct in a case she was working on in private practice.