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Yo_Mama_Been_Loggin

(107,111 posts)
Thu Apr 29, 2021, 12:48 PM Apr 2021

SEC enforcement chief resigns just days after taking job

The head of the Securities and Exchange Commission (SEC) enforcement division resigned Wednesday following an order from a federal judge potentially raising questions about her previous legal representation of ExxonMobil.

Alex Oh stepped down as the SEC's enforcement chief, the agency announced Wednesday afternoon, just six days after she took the post under heavy criticism from progressives and other financial sector critics.

Oh had been a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP before joining the SEC, co-chairing the law firm's practice focused on corruption cases. She had been one of several attorneys at the firm defending ExxonMobil against a lawsuit filed by Indonesians who claimed they were beaten and tortured by guards hired to protect a company facility.

In her resignation letter, reported by several outlets, Oh said she needed to leave the SEC to prevent "a development" regarding the ExxonMobil case from distracting from the commission's work.

https://www.msn.com/en-us/news/politics/sec-enforcement-chief-resigns-just-days-after-taking-job/ar-BB1gbFtt?li=BBnb7Kz

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SEC enforcement chief resigns just days after taking job (Original Post) Yo_Mama_Been_Loggin Apr 2021 OP
Sounds like good she did this; elleng Apr 2021 #1
Was she a President Biden appointee? msfiddlestix Apr 2021 #2
I think the members of the SEC (board?) do the hiring for that division blogslug Apr 2021 #3
That's yet another... 2naSalit Apr 2021 #4
thanks, I'm struggling to keep up most of the time these days msfiddlestix Apr 2021 #7
She was appointed by the SEC... PoliticAverse Apr 2021 #5
Yikes. Well, I'm glad nobody can blame President Biden! lagomorph777 Apr 2021 #6
Thanks so much. Very informative. msfiddlestix Apr 2021 #8

msfiddlestix

(7,265 posts)
7. thanks, I'm struggling to keep up most of the time these days
Thu Apr 29, 2021, 04:35 PM
Apr 2021

I'm just worried Biden's nominees aren't getting confirmed in the Senate for a number of highly critical positions. I think Clark is still hanging out there wrt a DOJ position in the Civil Rights Division I think.

PoliticAverse

(26,366 posts)
5. She was appointed by the SEC...
Thu Apr 29, 2021, 03:48 PM
Apr 2021

From the SEC announcement: https://www.sec.gov/news/press-release/2021-69

Washington D.C., April 22, 2021 —

The Securities and Exchange Commission today announced that Alex Oh has been appointed Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group. She was previously an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney's Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.




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