Tuesday, 28 March 2017
Last updated 22 hours ago
Feb 14 2014 | 8:02am ET
The Securities and Exchange Commission's former enforcement co-chief is returning to the law firm he left to join the SEC in 2009.
George Canellos was named global head of litigation at Milbank Tweed Hadley & McCloy. He'll officially return to the firm in March, becoming the latest former regulator or prosecutor to move from accusing to defending.
Canellos left the SEC last month, after just a year at the enforcement division's head. He joined the SEC as head of its New York office in the wake of the Bernard Madoff scandal, and oversaw the insider-trading investigations of Galleon Group and SAC Capital Advisors. In 2012, he moved to Washington as deputy director of enforcement.
Prior to joining Milbank, Canellos was a federal prosecutor in New York, working under former U.S. Attorney Mary Jo White—now the chairman of the SEC, who appointed Canellos to the top enforcement post.