The Securities and Exchange Commission yesterday announced that Acting Director George Canellos and former federal prosecutor Andrew Ceresney have been named Co-Directors of the Division of Enforcement.
Canellos has been serving as Acting Director since January, and previously had been the division’s Deputy Director since June 2012. Most recently, Ceresney served as a partner in the law firm of Debevoise & Plimpton, where he focused on representing entities and individuals in white collar criminal and SEC investigations, complex civil litigation and internal corporate investigations.
Previously, he served as a Deputy Chief Appellate Attorney in the United States Attorney's Office for the Southern District of New York, where he was a member of the Securities and Commodities Fraud Task Force and the Major Crimes Unit.
“George and Andrew are two of the best lawyers and finest people I know,” stated Mary Jo White, SEC Chair. “They are a perfect combination to lead the talented Enforcement Division professionals who protect investors and keep our markets safe and vibrant.”
The Enforcement Division is the agency's largest unit, with more than 1,200 investigators, accountants, trial attorneys and other professionals.