SEC Names Michael Osnato as Chief of Enforcement Division's Complex Financial Instruments Unit

The SEC has announced that Michael J. Osnato, Jr. has been named chief of the Enforcement Division's unit that conducts investigations into complex financial instruments.

Mr. Osnato previously served as an assistant director in the SEC New York Regional Office. According to the SEC, the Complex Financial Instruments Unit is composed of attorneys and industry experts working to investigate potential misconduct related to asset-backed securities, derivatives and other complex financial products. The unit was created along with four other specialized enforcement units in 2010 and was formerly known as the Structured and New Products Unit.

See: SEC Announcement.