WEST PALM BEACH, FL (www.hedgeco.net) – The Securities and Exchange�s Director of Enforcement, Stephen M. Cutler has announced plans to leave the Commission next month, the 43 year-old Mr. Cutleralso said he intends to return to the private sector. He became the SEC�s Enforcement Director in 2001. Cutler handled some of SEC�s historic cases such as Enron, WorldCom, Adelphia, Quest, Tyco andHealthSouth. He also oversaw the crackdowns against the New York Stock Exchange Specialists, Research Analysts Cases, as well as the Mutual Fund Abuses.
Speaking about Mr. Cutler�s departure, SEC Chairman William H. Donaldson said, “Steve Cutler has been an outstanding leader of the Commission’s enforcement program. America’s investors have been enormously well-served by Steve’s keen intellect, superb judgment and abiding sense of justice.” He added, �He is what every prosecutor should be: tough but fair. We will miss Steve’s dedication, leadership and integrity as we continue our critical efforts to pursue and root out wrongdoing in our marketplace.”
In his statement, Mr. Cutler said, �I have had the very good fortune to work with an extraordinary group of colleagues during an historic period for the Commission and our capital markets. I am proud to have been a part of the agency’s efforts and considerable accomplishments in the enforcement arena.”
Mr. Cutler also oversaw the SEC�s investigations and enforcement actions against well know U.S. Corporate figures such as, �Kenneth Lay, Jeffrey Skilling, Andrew Fastow, Scott Sullivan, John Rigas, Joseph Nacchio, Dennis Kozlowsi and Richard Scrushy�. Mr. Cutler received his B.A. summa cum laude from Yale University and his J.D. from Yale Law School; he was also an Editor of the Yale Law Journal. His successor has not been named as yet.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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