SEC appoints Sanjay Wadhwa as enforcement deputy director

The SEC announced Wadhwa’s new role is effective immediately. Wadhwa most recently managed 150 personnel as co-head of enforcement at the SEC’s New York office.

“Over the hundreds of investigations he has overseen, Sanjay has helped the SEC root out wrongdoing, pursue charges against those who seek to manipulate or defraud investors, and partner with criminal authorities to prosecute bad actors,” said SEC Chair Gary Gensler in a press release. “Sanjay’s breadth of experience and dedication to protecting investors make him well qualified to serve as Deputy Director of the Enforcement Division. I look forward to working with him in his new role.”

Wadhwa has served with the SEC since 2003. He joins the Enforcement Division as No. 2 to former New Jersey Attorney General Gurbir Grewal, who was named director in June.

“It has been an honor to serve alongside the SEC’s esteemed Enforcement staff for the past 18 years,” Wadhwa stated. “I look forward to working with Gurbir and the entire Enforcement Division to oversee investigations and litigation matters to help protect investors and promote integrity in the marketplace by holding wrongdoers accountable.”

At the SEC’s New York office, Wadhwa was responsible for the day-to-day functions of the enforcement program. He previously served as deputy chief of the Market Abuse Unit. Prior to joining the SEC in 2003, Wadhwa served as a tax associate at the firms Cahill Gordon & Reindel and Skadden, Arps, Slate, Meagher & Flom.