SEC appoints New Jersey Attorney General as director of enforcement

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The United States Securities and Exchange Commission has appointed New Jersey Attorney General Gurbir S. Grewal as Director of the Division of Enforcement.

The appointment will be effective from July 26, with the SEC adding the veteran prosecutor to its ranks to play a key role in regulating financial markets in the U.S.

“He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working closely with him to protect investors and root out wrongdoing in our markets,” said SEC Chair Gary Gensler.

Grewal is a replacement for Alex Oh, who was appointed by Gensler, but was forced to step down in April after only a few days on the job.

Oh’s appointment sparked backlash over the history of her work defending corporations as a lawyer, in particular her representation of ExxonMobil, a case in which the defendants were accused of human rights abuses…

Read full article at cointelegraph.com