SEC Taps Wall Street Lawyer to Police Wall Street
The latest illustration: the SEC has named Andrew Ceresney, a partner at white-collar defense firm Debevoise & Plimpton, to serve as co-director of the agency’s enforcement division.
The high-level appointment was announced Monday, just a few weeks after another former Debevoise partner, Mary Jo White, was sworn in as SEC Chairman.
An SEC spokesperson wouldn’t tell the Project On Government Oversight which matters, if any, Ceresney would be recused from at the agency. Either he’ll be sidelined on major matters, or he’ll be participating in decisions that could affect former clients.