Enforcement director Ceresney latest to depart SEC

Andrew Ceresney announces departure from US regulator by the end of this year.

Andrew Ceresney, director of enforcement at the Securities and Exchange Commission (SEC), is the latest to announce his departure from the US regulator.

Ceresney has held the position for nearly four years and has overseen more than 2,850 enforcement actions and fines totalling $13.8 billion.

Chair at the SEC, Mary Jo White, explained under Ceresney’s leadership, the enforcement division “took its already robust enforcement program to an even higher level, achieving unprecedented results.”

Ceresney is the latest to announce he will be leaving the Commission, following in the footsteps of White, trading director, Stephen Luparello and other senior members.

He has described his time with Commission as the “highlight” of his career and said the “innovative and wide-ranging actions have protected investors, deterred misconduct and sent the message that the SEC is and always must be the tough cop on the financial beat.”

Ceresney will depart the SEC by the end of the year and Stephanie Avakian will become the acting enforcement director.