Charles Fishkin, who joined the Securities and Exchange Commission in 2004 to head up a risk unit charged with detecting fraud, many say successfully, has left for a position with AllianceBernstein, Dow Jones reports.

Lori Richards, head of the SEC compliance, inspections and examinations, said Fishkin and his three-member team—a budget crisis killed plans for a 15-member division—have been “enormously helpful” in helping her office pinpoint which companies to inspect.

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