Last month, I noted here that Marshall S. Sprung, co-chief of the SEC Division of Enforcement’s Asset Management Unit since 2013, was leaving the agency after 13 years of service. Sprung’s next move was unknown at the time, but Bloomberg reported last week that Sprung is joining Blackstone Group LP as a managing director and the firm’s global head of compliance. The news of Sprung’s move to Blackstone came the same week as SEC Enforcement Director Andrew Ceresney’s speech at Securities Enforcement Forum West, at which he emphasized the Enforcement Division’s heightened focus on private equity.
