Gurbir Grewal, the Director of the Securities and Exchange Commission’s (SEC) Division of Enforcement, is leaving the agency. His departure marks the end of a three-year tenure marked by significant enforcement actions. Deputy Director Sanjay Wadhwa will take over as Acting Director, with Chief Counsel Sam Waldon stepping into the role of Acting Deputy Director.

Leadership Transition at SEC

According to the regulator’s statement, SEC Chair Gary Gensler praised both Grewal and Wadhwa, highlighting their commitment to investor protection and market integrity. He also expressed confidence in Sam Waldon, who will assume the role of Acting Deputy Director.

“We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” Gensler said. “Every day, he has thought about how to best protect investors and help ensure market participants comply with our time-tested securities laws. He has led a Division that has acted without fear or favor, following the facts and the law wherever they may lead. I greatly enjoyed working with him and wish him well.”