Mark A. Adler Named Deputy Chief Litigation Counsel of SEC's Division of Enforcement

FOR IMMEDIATE RELEASE
2004-118

Washington, D.C., Aug. 25, 2004 -- The Securities and Exchange Commission today named Mark A. Adler Deputy Chief Litigation Counsel of the Commission's Division of Enforcement. As Deputy Chief Litigation Counsel, Mr. Adler will assist in supervising the Division's nationwide litigation program. Mr. Adler succeeds Peter H. Bresnan, who was named as an Associate Director of the Division of Enforcement in April.

Stephen M. Cutler, the SEC's Director of Enforcement, said, "I am very pleased that Mark will be helping to lead our litigation program, which has expanded significantly over the last few years. Mark is a brilliant trial lawyer with a deep commitment to enforcing the securities laws and protecting the Nation's investors. The Division and the Commission will benefit greatly from his judgment, integrity, and extensive knowledge of the federal securities laws."

David L. Kornblau, the Division's Chief Litigation Counsel, said, "The Commission is extremely fortunate to have Mark as Deputy Chief Litigation Counsel. Through his dedication, creativity, judgment, and low-key style, he has earned the respect and confidence of SEC litigators, investigative staff, and senior management. I look forward to having his wise counsel in overseeing the Enforcement Division's litigation efforts."

As an Assistant Chief Litigation Counsel since 1997, Mr. Adler has served as the SEC's lead trial counsel in a wide variety of complex securities actions. Before joining the SEC, he spent nine years with the Department of Justice, where he prosecuted major white collar criminal cases. From 1981 to 1987, Mr. Adler handled civil litigation and other general commercial matters in private practice in New York City. He received an undergraduate degree summa cum laude in 1978 from Tufts University, and a law degree in 1981 from Harvard Law School.