Friday, 26 December 2014
Last updated 2 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.