Two top legal advisers at Wall Street’s self-watchdog, the Financial Industry Regulatory Authority, are departing, according to people familiar with the matter.

Marc Menchel, FINRA’s general counsel for regulation and executive vice president, will be leaving FINRA after roughly a decade, sources confirmed on Monday. He was among the group’s top-paid executives in 2010 and a frequent speaker about regulatory and compliance issues at industry conferences…. FINRA’s general counsel, T. Grant Callery, also is retiring, the sources said. Callery was not immediately available for comment.

via Two top lawyers at Wall Street watchdog departing — Reuters

Nathan is the former Vice President and Regional Enforcement Director for the Financial Industry Regulatory Authority (FINRA). Previously, Nathan served for 12 years at the SEC as Assistant Director in the Division of Enforcement. He also served for nine years at the Commodity Futures Trading Commission as Deputy Director of Enforcement.

via Press Release: Former FINRA Enforcement Director Daniel Nathan Joins Morrison & Foerster in Washington, D.C. — Morrison Foerster.

Roberts’ practice focuses on the defense of public corporations and individuals in class actions, derivative cases, M&A litigation and SEC enforcement actions. He is the author of the The 10b-5 Daily, a popular blog that since 2003 has analyzed developments in the area of securities class actions.

via Cooley Welcomes Experienced Securities Litigator Lyle Roberts in Washington, D.C..

via George Canellos Named Deputy Director of the SEC’s Division of Enforcement – Compliance Week

Volkov joins LeClairRyan from Mayer Brown LLP. Previously, Volkov served for 17 years as a federal prosecutor in the U.S. Attorney’s Office for the District of Columbia, where he conducted over 75 jury trials. Volkov also served on the Senate and House Judiciary Committees as the chief crime and terrorism counsel for the respective committee, as a deputy assistant attorney general in the Office of Legislative Affairs of the U.S. Department of Justice (DOJ), and as a trial attorney in the DOJ’s Antitrust Division.

via Veteran FCPA and White Collar Attorney Michael Volkov Joins LeClairRyan

Margaret Cole, the UK Financial Services Authority’s top enforcement official, will join PwC after she steps down from the watchdog this month, the latest top regulator to be snapped up by a Big Four auditor. Cole will begin working for PwC in the autumn and become a member of its UK executive board with responsibility for the Office of General Counsel from December when incumbent Owen Jonathan retires.

via UK FSA’s Cole to join PwC in the autumn — Reuters.

Hector Sants has decided to quit as the head of Britain’s Financial Services Authority watchdog in June, leaving authorities to plug a gap in their regulatory framework as he was due to take on another key administrative role.

via Top UK financial regulator Sants to step down — Reuters.

Marc P. Berger, a veteran federal prosecutor in Manhattan, on Wednesday was named to be the new chief of the securities fraud unit for the United States attorney’s office in Manhattan. Mr. Berger had been deputy to Christopher L. Garcia, who left the office to join Weil, Gotshal & Manges, one of the country’s largest corporate law firms.

via U.S. Attorney’s Office Names New Chief of Securities Fraud Unit – NYTimes.com.

During Cole’s seven years with the regulator, the FSA exhibited a notable shift in its approach enforcement. For many years, the FSA prided itself on its philosophy of “light touch,” principle-based regulation…. By 2009, however, the FSA, like the SEC, was under intense scrutiny stemming from the financial crisis, and decided it needed to make a dramatic change.

via FSA’s Cole to Depart; Helped Oversee UK’s Transition from ‘Light Touch’ to ‘Be Frightened’ – Compliance Week.