SEC Adds to Enforcement Division

WASHINGTON (HedgeWorld.com)--The Securities and Exchange Commission named Scott W. Friestad as associate director for the Division of Enforcement.

Mr. Friestad previously was an assistant director in the Division of Enforcement, where he oversaw investigations involving Regulation FD, public company accounting and disclosure, the Foreign Corrupt Practices Act, insider trading, and broker-dealer regulation, according to a news release from the SEC.

He joined the commission in 1995 as a staff attorney after working at the law firm Dewey Ballantine LLP, New York, and before that as a Special Assistant United States Attorney in the U.S. Attorney's Office for the Southern District of New York.

"Scott Friestad is a creative thinker who has mastered the securities laws," said Stephen M. Cutler, director of the Division of Enforcement, in a statement. "Scott has earned the respect and confidence of everyone with whom he has worked."

Mr. Friestad will report to Mr. Cutler and will assist in planning and directing investigations and other enforcement efforts, according to the SEC news release.

In October, Thomas C. Newkirk announced he was leaving his job as assistant director for the Division of Enforcement to become a partner at the law firm Jenner & Block LLP.

CClair@HedgeWorld.com

Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.

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