Securities And Exchange Commission Appoints Indian-American Attorney Sanjay Wadhwa As Deputy Director Of Division Of Enforcement

On August 18, the Securities and Exchange Commission announced that Indian-American Sanjay Wadhwa had been appointed as deputy director of the Division of Enforcement. The attorney has very recently served as the senior associate director of the Division of Enforcement in the New York Regional Office, managing over 50 personnel in enforcing federal securities laws. His new role is already effective. 

“Over the hundreds of investigations he has overseen, Sanjay has helped the SEC root out wrongdoing, pursue charges against those who seek to manipulate or defraud investors, and partner with criminal authorities to prosecute bad actors,” SEC chair Gary Gensler was quoted as saying. “Sanjay’s breadth of experience and dedication to protecting investors make him well qualified to serve as deputy director of the Enforcement Division. I look forward to working with him in his new role.” 

“Sanjay brings a tenacious approach to our work, and he is passionate about protecting American investors,” said Gurbir Grewal, the SEC’s Director of Enforcement. “I am eager to work closely with him in his new role.” 

“It has been an honor to serve alongside the SEC’s esteemed Enforcement staff for the past 18 years,” said Wadhwa. “I look forward to working with Gurbir and the entire Enforcement Division to oversee investigations and litigation matters to help protect investors and promote integrity in the marketplace by holding wrongdoers accountable.” 

Back in 2003, Wadhwa had joined the Securities and Exchange Commission as a staff attorney. As co-head of Enforcement in the SEC’s New York office, he looked after the everyday functions of that office’s enforcement programme.  

Wadhwa has also previously served in additional roles in the Enforcement Division, such as deputy chief of the Market Abuse Unit and assistant director in NYRO. 

Before he joined the Securities and Exchange Commission in 2003, Wadhwa served as a tax associate at Cahill Gordon & Reindel LLP and Skadden, Arps, Slate, Meagher & Flom LLP. 

The Indian-American attorney holds a B.B.A. from Florida Atlantic University, a J.D. from South Texas College of Law Houston, and an LL.M. in taxation from New York University School of Law. 

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