What to Do When a New Boss Takes Over:  Quit!

December 8, 2016

Today's announcement that the SEC's Enforcement Director is resigning continues the exodus of top SEC officials leaving in the wake of the election of Donald J. Trump as U.S. President.   We assume that they believe the time is good to leave and that significant changes are likely for the SEC.   The SEC has been very busy bringing a broad variety of enforcement actions and cases, many against investment advisers and CCOs, under the watchful eyes of Chairman Mary Jo White and Andrew Ceresney.

Here's links to the official announcements of key folks who've resigned so far:

Chairman Mary Jo White:  https://www.sec.gov/news/pressrelease/2016-238.html

Enforcement Director Andrew Ceresney:  https://www.sec.gov/news/pressrelease/2016-259.html

Chief Litigation Counsel Matthew C. Solomon:  https://www.sec.gov/news/pressrelease/2016-244.html

Chief Accountant James Schnurr:  https://www.sec.gov/news/pressrelease/2016-246.html

Division of Corporation Finance Director Keith Higgins:  https://www.sec.gov/news/pressrelease/2016-258.html

Chief Economist and Division of Economic and Risk Analysis Director Mark Flannery:  https://www.sec.gov/news/pressrelease/2016-254.html

Trading and Markets Director Stephen Luparello:  https://www.sec.gov/news/pressrelease/2016-245.html

As the new administration takes shape, we expect these posts to be filled and will keep apprised of the key ones affecting advisers.