SEC enforcement head Grewal to step down

Gurbir Grewal SEC 3x2

Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, will step down from his post Oct. 11. Grewal, who had served as the division’s director since 2021, will be replaced by Sanjay Wadhwa, currently the division’s deputy director, the SEC said Wednesday.

Wadhwa will serve as the enforcement division’s acting director, while Sam Waldon, the division’s chief counsel, will serve as acting deputy director.

Before being named director of the Division of Enforcement in August 2021, Grewal had served as New Jersey Attorney General from Jan. 2018 through June 2021. He had also served as a state and federal prosecutor, and an attorney in private practice.

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