CandleFocus

SEC Enforcement Director Gurbir Grewal Is Leaving the Agency

Gurbir Grewal, the director of enforcement at the U.S. Securities and Exchange Commission (SEC), is leaving the agency on October 11. Sanjay Wadhwa, currently the deputy director of enforcement, will take over as acting director, and Sam Waldon will become acting deputy director. During Grewal's three years as enforcement director, the SEC authorized over 2,400 enforcement matters, resulting in more than $20 billion in penalties and disgorgement. The agency praised Grewal for his work in the crypto space, including enforcement actions against major crypto trading platforms. The SEC has recently announced several enforcement actions in the crypto industry.

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