SEC: Enforcement Director Stephanie Avakian to Conclude Tenure After Four Years Leading the Division
Washington, D.C. (Newsfile Corp. - December 10, 2020) - The Securities and Exchange Commission today announced that Division of Enforcement Director, Stephanie Avakian will conclude her tenure by the end of the year. Ms. Avakian, who began her career at the SEC, leaves the agency after leading the Enforcement Division over the last four years as Co-Director and then Director.
During her tenure as Director, and previously as Co-Director alongside Steven Peikin, Ms. Avakian maintained the Division s focus on protecting investors, addressing misconduct and market threats in a timely and effective manner, and improving the efficiency and effectiveness of the more than 1400-person Division, which has resulted in thousands of high-quality cases.
SEC Enforcement Director Stephanie Avakian To Conclude Tenure After Four Years Leading The Division Date
10/12/2020
The Securities and Exchange Commission today announced that Division of Enforcement Director Stephanie Avakian will conclude her tenure by the end of the year. Ms. Avakian, who began her career at the SEC, leaves the agency after leading the Enforcement Division over the last four years as Co-Director and then Director.
During her tenure as Director, and previously as Co-Director alongside Steven Peikin, Ms. Avakian maintained the Division’s focus on protecting investors, addressing misconduct and market threats in a timely and effective manner, and improving the efficiency and effectiveness of the more than 1400-person Division, which has resulted in thousands of high-quality cases.
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SEC Enforcement Division Director to Step Down by Year s End Stephanie Avakian has served as the head of the division for four years, and oversaw investigations into Wells Fargo s supervision of investment advisors as well as the Share Class Selection Disclosure Initiative.
SEC Enforcement Division Director Stephanie Avakian will be leaving her post and the agency by the end of this year, the commission announced Thursday. She departs after a four-year tenure as both co-director and director of the 1,400-person department.
Deputy Director Marc Berger will be stepping in as an acting head of the division in the interim. In total, the Division of Enforcement recommended more than 3,000 enforcement actions during Avakian’s tenure, obtaining more than $17 billion in financial remedies and returning about $3.6 billion to investors.