SEC Promotes Sanjay Wadhwa as Deputy Director of Enforcement Division

The US Securities and Exchange Commission (SEC) announced on Wednesday that it has named Sanjay Wadhwa as Deputy Director of the Division of Enforcement with immediate effect.

According to the official press release, Mr Wadhwa most recently served as the Senior Associate Director of the Division of Enforcement in the New York Regional Office (NYRO), where he hold this position for more than 8 years. He joined the regulator in July 2003 from Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, an international law firm based in New York, where he worked as Tax Associate. Before this role, Cahill Gordon & Reindel LLP utilised his services as Tax Associate from September 1996 to August 2000.

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"Over the hundreds of investigations he has overseen, Sanjay has helped the SEC root out wrongdoing, pursue charges against those who seek to manipulate or defraud investors, and partner with criminal authorities to prosecute bad actors," said SEC Chair Gary Gensler. "Sanjay's breadth of experience and dedication to protecting investors make him well qualified to serve as Deputy Director of the Enforcement Division. I look forward to working with him in his new role."

As Fazzaco reported earlier, SEC has awarded nearly $6 million​ to another two whistleblowers for providing high-quality information and and assistance in separate enforcement proceedings.