SEC Enforcement Loses Two

Jun 5 2012 | 10:00am ET

Two top Securities and Exchange Commission lawyers are leaving the regulator, including the head of its enforcement unit focused on hedge funds.

Robert Kaplan joined Debevoise & Plimpton today. Kaplan had worked at the SEC's enforcement division since 1995, and has served as co-head of that division's asset management unit since its creation two-and-a-half years ago.

"Debevoise is particularly excited to bring our clients Rob's deep understanding of the securities compliance and enforcement issues facing private equity and hedge funds, as well as other alternative investment funds," the firm's Michael Blair said.

The SEC is also losing the head of its market intelligence unit, Thomas Sporkin. Sporkin will join law firm BuckleySandler on June 18 after 20 years at the enforcement division.

"My sincere thanks go to Rob and Tom for their many years of exemplary service to the SEC and to investors everywhere," Robert Khuzami, head of the SEC's enforcement division, said. He added, "the deep bench of talent at the SEC ensures that our strong proactive enforcement efforts will continue uninterrupted."

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