P.M. Briefing : Top Enforcer Will Leave SEC
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WASHINGTON — The Securities and Exchange Commission said today that enforcement director Gary Lynch, who led the agency’s crackdown on insider trading on Wall Street, would leave the commission staff in mid-July.
Lynch, as the agency’s top enforcement officer since 1985, was the prime mover behind the commission’s biggest cases in recent years, including the settlements with stock speculator Ivan Boesky and Drexel Burnham Lambert Inc.
Lynch had joined the commission in 1976 as a staff attorney. The brief announcement today did not say why he was leaving.
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