Randall R. Lee, regional director of the Securities and Exchange Commission’s Los Angeles office, will step down at the end of June to pursue opportunities in the private sector.

“Under Randall’s leadership, the L.A. office has halted massive ongoing frauds, exposed corrupt industry practices, held CEOs accountable for their misconduct and tried some of the Commission’s most significant cases,” said SEC Chairman Christopher Cox. “Randall demonstrated energetic and creative leadership of one of our largest offices and contributed substantially to improving the working environment at the SEC.”

Cases that Lee oversaw include those against the former CEO, CFO and controller at Global Crossing; mutual fund market timing and/or late trading against the former chairman and portfolio manager of the PIMCO equity funds and four former officers at J.B. Oxford; and BISYS’s role in the use of assets at more than two dozen mutual fund companies to pay marketing expenses.

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