SEC Chief of the Enforcement Division's Municipal Securities and Public Pensions Unit to Leave Commission

The SEC announced that Elaine C. Greenberg, Chief of the Enforcement Division's Municipal Securities and Public Pensions Unit and Associate Director of the Philadelphia Regional Office, is leaving the agency at the end of July after more than 25 years of service.

Under Ms. Greenberg's leadership of the unit, the SEC has brought actions including In the Matter of State of New Jersey and In the Matter of State of Illinois, the first and second SEC enforcement actions against states. Ms. Greenberg was also involved in the SEC's Report on the Municipal Securities Market, as well as rulemaking efforts including the investment adviser pay-to-play rule.

See: SEC Press Release.