Wednesday, 31 August 2016
Last updated 11 min ago
Aug 2 2010 | 6:15am ET
The Securities and Exchange Commission has a new top litigator for hedge fund wrongdoers to tackle with.
Matthew Martens, currently an assistant U.S. attorney for the Western District of North Carolina, based in Charlotte, will be the next chief litigation counsel at the regulator. He succeeds Luis Mejia, who left the SEC in December.
Among the cases that now fall to Martens are the SEC’s lawsuit against Galleon Group founder and accused insider-trader Raj Rajaratnam and the newly-filed fraud charges against hedge fund founder Samuel Wyly and his brother, Charles.