SEC Enforcement Co-Chief To Leave Agency

Jan 6 2014 | 12:39pm ET

The Securities and Exchange Commission is back down to one enforcement director.

George Canellos, who has led the division since February, first as interim head and, since April, as co-head alongside Andrew Ceresney, will leave the SEC this month. His departure will leave Ceresney in charge of the unit.

"Every day, he brought to work an intense enthusiasm for our mission, extraordinary intellect and a total commitment to fairness and the public interest," SEC Chairman Mary Jo White, who named Canellos to his post last year, said.

Canellos joined the SEC in 2009 to lead the agency's New York office in the wake of the Bernard Madoff scandal. A former federal prosecutor under White, Canellos oversaw a number of crucial hedge-fund insider-trading investigations, including those of Galleon Group founder Raj Rajaratnam, former McKinsey & Co. chief Rajat Gupta and SAC Capital Advisors. In 2012, he was named deputy director of enforcement, and helped restructure the division alongside former director Robert Khuzami.

Canellos has not indicated his future plans.


In Depth

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.