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SEC Names New Head of Enforcement Alex Oh, who joins from law firm Paul, Weiss, Rifkind, Wharton & Garrison, replaces Stephanie Avakian, who stepped down from the role in December after a four-year tenure under the Trump administration.
The Securities and Exchange Commission has appointed Alex Oh, previously a partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison, as its new director of enforcement.
She succeeds Melissa Hodgman, interim director since January, and Stephanie Avakian, who stepped down from the role in December after a four-year tenure under the Trump administration.
Oh will be joining the SEC days after Gary Gensler was sworn in as the commission’s new Chair. In a statement on her hiring, Gensler said she had the “right combination of values and experience” for the role.
By Aaron Nicodemus2021-04-22T17:38:00+01:00
New Securities and Exchange Commission (SEC) Chair Gary Gensler has made his first key appointment: Alex Oh as director of the Division of Enforcement.
Oh, named to the post Thursday, was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison, where she was co-chair of the law firm’s Anti-Corruption & Foreign Corrupt Practices Act (FCPA) practice group. She previously served as an assistant U.S. attorney in the Criminal Division of the U.S. Attorney’s Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.
Alex Oh Named SEC Director Of Enforcement Date
22/04/2021
The Securities and Exchange Commission today announced that Alex Oh has been appointed Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group. She was previously an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney s Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.
“I’m excited to join the Division of Enforcement’s team of deeply talented and committed public servants,” said Oh. “The Enforcement Division plays a critical role in protecting investors and maintaining fair, orderly, and efficient markets, essential components of the SEC’s mission. I am committed to working tirelessly to uncover and prosecute violations of the law, whether by businesses or their
REGULATORY UPDATES
SEC Leadership Changes
On April 14, 2021, the U.S. Senate voted to approve President Biden’s nomination of Gary Gensler as Chairman of the Securities and Exchange Commission (the “SEC”) through June 5, 2021. The vote came after the Senate Banking Committee endorsed Gensler’s nomination in March 2021. The confirmation only approves Gensler to serve the remainder of former SEC Chairman Jay Clayton’s term, though the Senate Banking Committee has cleared Gensler to serve another five-year term afterward. Gensler served as chairman of the U.S. Commodity Futures Trading Commission from 2009 to 2014, and helped to draft the Sarbanes-Oxley Act as senior advisor to U.S. Senator Paul Sarbanes. In a statement, the SEC’s four commissioners said they welcome Gensler “and look forward to working together to execute our vital mission.”