Mark Schonfeld, the SEC’s Regional Director in its New York office, will leave the Commission next month to join a law firm according to the WSJ, which cited “people familiar with the matter.”
As head of the New York office, Mr. Schonfeld led the task force that examined trading abuses at mutual-fund companies and also helped lead the global settlement with 10 Wall Street firms concerning research and investment-banking activities. The WSJ article states that he currently is overseeing the investigations into whether Wall Street firms were late in taking losses tied to subprime or high-risk residential mortgages and also supervises the SEC’s hedge-fund working group.
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