Today the United States Securities and Exchange Commission announced that Acting Director George Canellos and Andrew Ceresney will assume the positions of Co-Directors for the Division of Enforcement.
George Canellos, age 48, has been serving as the Department’s director since January and previously served as the division’s Deputy Director since June of last year. Mr. Canellos played a vital role in developing the division’s Cooperation Program and generated numerous legislative and policy initiatives regarding national priority enforcement actions.
From July of 2009 to June of last year, Mr. Canellos served as Director of the Security Exchange Commission’s New York Regional Office. Under this role, Mr. Canellos was responsible for 400 enforcement attorneys, investigators, accountants, and compliance examiners involved in the prosecution and investigation of enforcement actions and the performance of compliance in the region. This regional office was responsible for the largest concentration of SEC-registered finance institutions, including in excess of 4,000 investment banks, broker-dealers, hedge funds, mutual funds and investment advisers.
Previously, Mr. Ceresney served as a partner at a prestigious law firm, where he focused on representing individuals and entities involved in white collar crimes and SEC investigations. Before working at this firm, Mr. Ceresney served as a Deputy Chief Appellate Attorney for the Southern District of New York, where Mr. Ceresney served as a principal member of the Securities and Commodities Major Crimes and Fraud Task Force unit.
“Andrew and George are two of the finest lawyers and people I know. They are a fantastic combination to lead the Enforcement Division, which is responsible for protecting investors and keeping or markets vibrant and safe,” said the chair of the Securities and Exchange Commission, Mrs. Mary Jo White.
The Enforcement Division is the Security and Exchange Commission’s largest unit, with in excess of 1,200 accountants, investigators, trial attorneys and an assortment of other professionals. In recent years this division has achieved considerable success with prosecuting insider trading, financial crisis and other financial cases, while returning billions of dollars to defrauded investors.
Source: SEC.gov
