SEC Names New Co-Chief Of Asset Management Unit

SEC named O’Riordan as a new co-chief in the Enforcement Division to ‎succeed Marshall Sprung, who left the agency in

The U.S. Securities and Exchange Commission on Tuesday said it has selected C. ‎Dabney O’Riordan, who is currently an associate regional director in the SEC’s Los Angeles regional ‎office, to co-head the Division of Enforcement’s Asset Management Unit, according ‎to an official statement.‎

Ms. O’Riordan lands at SEC to join Anthony Kelly as co-chief of the unit and ‎succeeds Marshall Sprung, who left the agency in April. She has been a member of Enforcement’s ‎Asset Management Unit since it was launched in 2010, and was named an Assistant Director for the Division in 2012.  ‎

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The Enforcement Division is the SEC’s largest unit that includes many and varied professionals. In recent years, it has achieved ‎remarkable success prosecuting financial crisis cases, insider trading and other violations, while ‎returning billions to harmed investors.‎

Andrew J. Ceresney, Director of the SEC’s ‎Enforcement Division, said that Dabney’s deep knowledge of the ‎laws and rules governing the asset management industry makes her a perfect fit to co-lead the Asset Management Unit.

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‎ “I am confident that she and her co-chief, Anthony, will be great partners in the ‎unit’s mission and the SEC’s efforts to root out misconduct in the asset management ‎industry,” he added.‎

Significant Contributions

Before joining the SEC, Ms. O’Riordan served as a litigation associate for more than ‎‎4 years at Munger, Tolles & Olson in Los Angeles, and also worked as a law clerk to ‎the Honorable David R. Thompson on the U.S. Court of Appeals for the Ninth ‎Circuit. ‎In her previous roles, Ms. O’Riordan’s supervised investigations on a number of ‎enforcement cases addressing a wide variety of misconduct across the asset ‎management industry. While working for ‎the Asset Management Unit of the enforcement division, O’Riordan investigated and litigated a number of securities law violations that ‎were firsts for the SEC, the agency said.‎

‎Commenting in the press release, Ms. ‎O’Riordan said: “I am honored to lead the Asset Management Unit with Anthony. As someone who joined the unit at its inception, I have seen the talent ‎and dedication of the unit’s staff in policing a vital industry that investors have ‎entrusted with trillions of dollars in assets, and I look forward to continuing to build ‎on the unit’s many successes.”‎

C. Dabney O’Riordan received her law degree from UCLA School of Law where she was ‎Order of the Coif and her undergraduate degree with honors from Wellesley College.‎


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