Former SEC Enforcement Director Discusses Her New Role and Changes to SEC Enforcement Approach

While serving as Co‑Director of the SEC’s Division of Enforcement, Stephanie Avakian oversaw more than 3,000 enforcement actions, obtained more than $17 billion in financial remedies, returned approximately $3.6 billion to harmed investors and paid approximately $595 million in whistleblower awards, according to the press release announcing her departure.  Avakian has rejoined WilmerHale as chair of its securities and financial services department, and our sister publication Hedge Fund Law Report recently spoke to her in connection with her move. She discussed her role at the SEC, her new position and various ways SEC’s approach changed during her tenure. For coverage of Avakian at the SEC, see “The SEC’s New Disgorgement Powers: Questions and Consequences” (Mar. 17, 2021).

To read the full article

Continue reading your article with an ACR subscription.