The Securities and Exchange Commission has a new top cop on the complex financial instruments beat.
Michael Osnato was named head of the four-year-old complex instruments unit, one of five specialized enforcement units at the regulator, this week. The unit was formerly known as the structured and new products unit.
Osnato has been with the SEC since 2008, and was named an assistant director at its New York office in 2010. During his time at the SEC, he worked on cases against JPMorgan Chase and Credit Suisse.
"Michael is a natural leader who brings keen investigative instincts and exceptional judgment to his work," SEC enforcement co-chief Andrew Ceresney said. "He has been a valuable part of our efforts to punish misconduct related to complex financial instruments, and we are pleased that he will bring his considerable talents and skills to the unit."