Loading...

SEC Appoints Grewal as Director of Enforcement

June 30, 2021 by Brock Blasdell
SEC Appoints Grewal as Director of Enforcement
Gurbil Grewal

The Securities and Exchange Commission announced Tuesday that Gurbir Grewal, New Jersey’s attorney general since 2018, has been appointed as the director of the Division of Enforcement. 

“I’m honored and delighted to welcome Attorney General Grewal to the SEC,” Gary Gensler, SEC chair, said. “He has had a distinguished career as New Jersey’s chief law enforcement officer and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working closely with him to protect investors and root out wrongdoing in our markets.”

The SEC is a federal organization created after the collapse of the stock market in 1929 to protect investors and maintain fair and growing markets. 

It is also an organization in the middle of an effort to clean itself up. Earlier this month, SEC Chair Gensler fired William Duhnke, the chairman of the SEC Accounting Oversight Board, pending an investigation into potential workplace misconduct and favoritism. 

An increase in retail investors in the market since the summer of 2020 has introduced millions more Americans to the stock market world. With so much new money coming into the capital-finance systems, many have demanded more aggressive action on the part of the SEC to regulate these new traders. 

Grewal has a history in white collar and cybercrime from both his time as attorney general and his time as the chief of the Economic Crimes Unit of the U.S. Attorney’s Office for the District of New Jersey from 2014 to 2016, making him well-equipped to deal with the new issues created by a more broadly accessible, app-based trading market. 

“Through his efforts standing up to the Trump administration’s attacks on New Jersey and our diverse communities, instituting historic reforms in policing, and leading the fight against gun violence, Attorney General Grewal has been an invaluable member of our administration and a dedicated public servant to the residents of New Jersey,” Gov. Murphy of New Jersey said in a statement released hours after the appointment. “Though we’ll miss his leadership, I know he’s the right person to protect investors all across the nation, and I congratulate SEC Chair Gensler for this outstanding selection.”

Grewal graduated cum laude with a Bachelor of Science in Foreign Service from the Georgetown University School of Foreign Service in 1995. He obtained his law degree from the College of William & Mary, Marshall-Wythe School of Law in 1999.

Grewal will take office effective July 26, 2021. His position as attorney general will be filled by interim leader Andrew Bruck, 38, who was nominated by Murphy and will hold the position until Murphy’s term in office ends.

In The News

Health

Voting

Regulation

January 7, 2022
by Tom Ramstack
Whistleblower Gets $13 Million For Revealing Corporate Fraud

WASHINGTON — The Securities and Exchange Commission this week announced its first whistleblower award of 2022 in its crackdown on... Read More

WASHINGTON — The Securities and Exchange Commission this week announced its first whistleblower award of 2022 in its crackdown on corporate fraud. The federal agency paid $13 million to a tipster whose information led the Securities and Exchange Commission to shut down a corporate fraud scheme.... Read More

December 28, 2021
by Brock Blasdell
Labor Dept. Sets Limits on Tipped Employees Performing Non-Tipped Work

WASHINGTON — On Tuesday the Department of Labor set new limits on the amount of time employers can use tipped-employees... Read More

WASHINGTON — On Tuesday the Department of Labor set new limits on the amount of time employers can use tipped-employees to do non-tip-producing work.  The new ruling, implemented at a time of nation-wide labor shortages, comes via a clarification of language in the Fair Labor Standards... Read More

Pfizer Pill Becomes 1st US-Authorized Home COVID Treatment

WASHINGTON (AP) — U.S. health regulators on Wednesday authorized the first pill against COVID-19, a Pfizer drug that Americans will... Read More

WASHINGTON (AP) — U.S. health regulators on Wednesday authorized the first pill against COVID-19, a Pfizer drug that Americans will be able to take at home to head off the worst effects of the virus. The long-awaited milestone comes as U.S. cases, hospitalizations and deaths are... Read More

December 17, 2021
by Reece Nations
FCC Considers Three Proposed Rule Changes

WASHINGTON — The Federal Communication Commission hosted an opening meeting on Wednesday to consider proposed rule changes to the Emergency... Read More

WASHINGTON — The Federal Communication Commission hosted an opening meeting on Wednesday to consider proposed rule changes to the Emergency Alert System, E-Rate program and spectrum sharing for low-earth orbit satellite systems. The meeting was attended by FCC Chairwoman Jessica Rosenworcel, Secretary Marlene Dortch and Commissioners... Read More

December 16, 2021
by Dan McCue
CDC Panel Concerned Over Johnson & Johnson Vaccine Risk

ATLANTA — People getting vaccinated against COVID-19 should be offered Pfizer-BioNTech and Moderna shots rather than those containing the Johnson... Read More

ATLANTA — People getting vaccinated against COVID-19 should be offered Pfizer-BioNTech and Moderna shots rather than those containing the Johnson & Johnson vaccine due to an increased risk of blood clots in young and middle-aged women, a Centers for Disease Control  and Prevention panel said Thursday.... Read More

December 14, 2021
by Dan McCue
Ex-FCC Chairs Voice Concerns Over FAA Stance On 5G

WASHINGTON — Six former chairs of the Federal Communications Commission accused aviation regulators of needlessly trying to derail new 5G... Read More

WASHINGTON — Six former chairs of the Federal Communications Commission accused aviation regulators of needlessly trying to derail new 5G mobile services slated to start next month. As previously reported by The Well News, a roiling dispute has been going on for more than a year... Read More

News From The Well
Exit mobile version