New Jersey Attorney General Gurbir Grewal will lead the SEC’s enforcement division, putting a well-known former prosecutor in charge of the unit that polices Wall Street.
SEC Chair Gary Gensler announced the pick on Tuesday, touting his experience at state and federal levels. Gensler’s first pick, Alex Oh,
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As New Jersey’s attorney general since 2018, Grewal, 48, has worked on a range of issues including gun violence and the opioid epidemic. During his tenure, the state also proposed tougher rules for investment advisors and joined other states in suing financial firms. Earlier in his career, Grewal served as a federal prosecutor leading a unit that investigated white-collar crime.
“He has the ideal combination of experience, values, and leadership ability to helm the enforcement division at this critical time,” Gensler said in a statement. “I look forward to working closely with him to protect investors and root out wrongdoing in our markets.”
Grewal, who was the first Sikh American to serve as a state attorney general, said he was “excited to get to work with the talented team of public servants to uncover and prosecute misconduct and protect investors.” He will start July 26.
Gensler, who took the helm of the SEC in April, is expected to take a
