Securities Law

SEC General Counsel Mark Cahn to Leave Job; Three Other Top Regulators Are Also Exiting

The general counsel of the Securities and Exchange Commission will leave his job there at the end of the year to return to the private sector, the federal agency announced Wednesday in a press release.

It doesn’t say what exactly Mark D. Cahn plans to do after leaving the SEC. He will have been its chief legal officer for not quite two years when he exits and has been with the SEC since 2009.

“Mark has always provided the commission clear and thoughtful legal advice as we set out to better protect investors,” said SEC Chairman Mary L. Schapiro in the release. “The commission has benefited greatly from his careful guidance and his good judgment.”

Cahn, a 1986 graduate of Yale Law School, was a partner of Wilmer Cutler Pickering Hale and Dorr before joining the SEC.

A brief Reuters article notes that three other top regulators at the SEC are also leaving in the near future. Shapiro herself announced last week that she plans to depart Dec. 14, and on Tuesday the SEC said Meredith Cross, who serves as corporation finance director, is leaving, too. Today the SEC announced not only Cahn’s upcoming exit but that Robert Cook, director of the trading and markets division, is departing as well.

Related coverage:

Associated Press: “Schapiro’s SEC successor likely to follow her lead”

Bloomberg: “Walter to Become SEC Chairman After Schapiro Steps Down”

Blog of Legal Times: “SEC Losing Another Ranking Official”

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