Sanjay Wadhwa Named Associate Regional Director for Enforcement in SEC New York Regional Office

FOR IMMEDIATE RELEASE
2011-80

Washington, D.C., April 1, 2011 — The Securities and Exchange Commission today announced the promotion of Sanjay Wadhwa to Associate Regional Director for Enforcement in the agency's New York Regional Office.

Mr. Wadhwa joins the office's two other Associate Directors for Enforcement - Andrew Calamari and David Rosenfeld. He has been serving as an Assistant Regional Director and as Deputy Chief of the Enforcement Division's Market Abuse Unit. Mr. Wadhwa will immediately assume his new post, and will continue to serve as Deputy Chief of the Market Abuse Unit under the direction of Unit Chief Daniel M. Hawke.

"Sanjay is a very special blend: experienced securities lawyer, meticulous investigator, gracious colleague, and nurturing leader," said George S. Canellos, Director of the SEC's New York Regional Office. "His unique personal qualities and total dedication to the mission of the SEC make him ideally suited for senior leadership in the enforcement program."

Robert Khuzami, Director of the SEC's Enforcement Division, added, "Sanjay is one of our best and brightest, someone who demands of himself an extraordinary level of performance that serves to inspire those around him. I am very pleased to welcome him to the ranks of senior management."

Mr. Wadhwa said, "I am honored by this appointment. It has been thoroughly enjoyable and a privilege to work in the Enforcement Division, and I look forward to continuing to work alongside the agency's talented staff in serving and protecting the investing public."

Since July 2003, Mr. Wadhwa has served in the enforcement program of the New York Regional Office, first as a senior attorney, then branch chief, and later Assistant Regional Director. In his new role, he joins the senior management team responsible for supervising a staff of approximately 180 attorneys, investigators, accountants and paralegals and oversight of all enforcement activities in the New York office.

Mr. Wadhwa was named Deputy Chief of the Market Abuse Unit when it was created last year.

Before joining the SEC staff, Mr. Wadhwa served for nearly seven years as an associate at the New York law firms of Cahill, Gordon & Reindel LLP, and Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Wadhwa received an LLM in taxation from New York University School of Law in 1996, a JD from South Texas College of Law in 1995, and a BBA in Accounting from Florida Atlantic University in 1990.

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