Top Legal Officer to Depart SEC

The Securities and Exchange Commission said that its chief legal officer is returning to the private sector, ending a government career in which he helped shape most of the SEC’s major policies. General Counsel David Becker has not yet accepted another job and will remain at the commission for a while longer to help with the transition of his successor, who has not yet been named, the SEC said.

Becker, 54, became general counsel in January 2000.