Securities and Exchange Commission Chairman Jay Clayton will hire a former prosecutor and veteran litigator from his former law firm to run enforcement at the markets regulator, according to people familiar with the matter.
Steven Peikin, who has worked for years at Sullivan & Cromwell LLP where Mr. Clayton was a partner before entering government, will become co-director of the enforcement division, the people said. Stephanie Avakian, who has served as the SEC’s acting enforcement director, is likely to remain at the commission as co-director.
‘Enforcement 40’ for 2020
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