SEC Hedge Fund Enforcement Chief May Join Pru

Mar 5 2013 | 10:11am ET

The Securities and Exchange Commission’s top hedge fund cop may become the latest official at the regulator to head for the doors.

Bruce Karpati, who leads the SEC enforcement division’s asset-management unit, is in talks with Prudential Financial, The Wall Street Journal reports. Karpati would serve as chief compliance officer of the insurance giant’s mutual fund business.

Karpati could join Pru as soon as next month. He would join former SEC Chairman Mary Schapiro and former enforcement chief Robert Khuzami among recent top SEC exits.

Karpati has led the asset-management enforcement unit for three years; since the summer, he has led it on his own, following the departure of co-chief Robert Kaplan.

Karpati, a lawyer, worked at law firm Dechert in Washington, D.C., before joining the SEC.

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