SEC Enforcement Chief Gurbir Grewal to Depart, Sanjay Wadhwa to Succeed

  • Gurbir Grewal, SEC’s enforcement director, will be leaving on October 11.

  • Sanjay Wadhwa will be sworn in as the acting enforcement director.

  • Under Grewal, the SEC authorized 100 enforcement actions against crypto firms.

Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission (SEC), is leaving the agency on October 11. His replacement will be deputy enforcement director, Sanjay Wadhwa.

In a press release, the SEC stated that Grewal, who has been the SEC’s enforcement director for three years, worked closely with Wadhwa to lead the Division of Enforcement “that has acted without fear or favor,” said SEC Chair Gary Gensler.

Also of note is that Wadhwa, who has worked for the SEC for more than two decades, will be taking over while Sam Waldon, currently Enforcement’s Chief Counsel, becomes the new acting deputy enforcement director.

Wadhwa has been the deputy enforcement director since August 2021. Before that, he was the Senior Associate Director of the Division of Enforcement in the New York Regional Office (NYRO), Deputy Chief of the Market Abuse Unit, and Assistant Director in NYRO.

Gensler said that…

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