BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
Top SEC Enforcement Lawyers Leaving
June 1, 2012
[ by Howard Haykin ]
The SEC Enforcement Division suffered a major loss of talent when it was announced that 2 of its senior officials in Enforcement, would be leaving for private practice. Both individuals had been credited with helping implement a major overhaul of that division.
Thomas Sporkin, head of the SEC's Office of Market Intelligence, is leaving for Buckley Sandler LLP, a financial services law firm. It was founded by Andrew Sandler, who formerly was with Skadden, Arps, Slate, Meagher & Flom.
The other official to leave is Robert Kaplan, the co-head of Enforcement's Asset Management unit; he'll be joining law firm Debevoise & Plimpton LLP. Mr. Kaplan will join a group of securities and white-collar enforcement lawyers that include former SEC associate director Paul Berger, and the former U.S. attorney for Manhattan, Mary Jo White.
The pair were high level officers of the SEC, serving under enforcement Director Robert Khuzami, who's continues to reform that Division's operations following the beating the SEC took for failing to detect Bernie Madoff's Ponzi scheme.
More About the Departing Individuals. Mr. Sporkin, the son of former SEC Enforcement Director Stanly Sporkin, helped oversee the creation and implementation of the SEC's new tips, complaints and referrals database. He also was instrumental in establishing a deal with the FBI to allow agents to be embedded with his group to help improve cooperation at the pre-investigation level. Sporkin is a recent recipient of the SEC's Irving Pollack Award, that honors significant accomplishments by employees.
Mr. Kaplan, meanwhile, led the specialized asset management unit along with co-director Bruce Karpati. Under his leadership, the division has been developing initiatives used to help get out ahead of high-risk areas for hedge funds, private equity firms and mutual funds. Such past initiatives have included looking into the aberrational performance of hedge funds as well as the valuation of illiquid portfolios, false performance claims and preferential redemptions. [Reuters, 5/31/12]

