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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSEC 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
elleng
(130,156 posts)serious 'conflicts' in such a high/important place would be really bad.
msfiddlestix
(7,265 posts)I feel like I missed the entire confirmation hearing on this one.
blogslug
(37,955 posts)I think
2naSalit
(86,061 posts)house that probably needs a thorough cleaning.
msfiddlestix
(7,265 posts)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)From the SEC announcement: https://www.sec.gov/news/press-release/2021-69
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 firms 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.