G. Jeffrey Boujoukos Named Director of Philadelphia Regional Office

The Securities and Exchange Commission today announced that G. Jeffrey Boujoukos has been named Director of its Philadelphia Regional Office, where he will oversee enforcement and examinations in the Mid-Atlantic region.  His appointment will be effective following the departure of Sharon B. Binger, who is leaving the agency at the end of the year.

Mr. Boujoukos joined the SEC’s Enforcement Division in 2009 as Regional Trial Counsel in the Philadelphia office.  He has been Associate Regional Director for Enforcement in that office since March 2014.

As Associate Regional Director and Regional Trial Counsel, Mr. Boujoukos has participated in and supervised dozens of enforcement matters involving a variety of securities law violations, including:

• Charges against BP p.l.c. for misleading investors regarding the Deepwater Horizon oil spill by significantly understating the flow rate in multiple reports filed with the SEC.
   
• An investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled together.
   
• Insider trading charges against two brokers who traded on inside information ahead of the $1.2 billion acquisition of SPSS Inc. in 2009 by IBM Corp. and a former BP employee.
   
• Charges against New York-based brokerage firm Linkbrokers Derivatives LLC for unlawfully taking secret profits of more than $18 million from customers by adding hidden markups and markdowns to their trades.

“Jeff’s knowledge, judgment and pragmatism make him an ideal leader of the Philadelphia office,” said Andrew J. Ceresney, Director of the SEC’s Enforcement Division.  “He has led that office’s enforcement program to bring numerous important and impactful cases, and distinguished himself as a trial lawyer and strategic thinker.”

“Jeff has been a strong partner and advocate for OCIE in his previous positions with the SEC,” said Marc Wyatt, Director of the SEC’s Office of Compliance Inspections and Examinations.  “We look forward to his leadership of the exam program in the Philadelphia region and his contribution to the national program.”

Mr. Boujoukos said, “I am incredibly honored to lead the exceptionally talented and hardworking staff of the SEC’s Philadelphia office.  It is a privilege to come to work every day and collaborate with the office’s enforcement and exam staff who have dedicated their professional careers to protecting the nation’s investors and ensuring fair and orderly markets.”

Prior to joining the SEC staff, Mr. Boujoukos was an associate and later a partner in the litigation department of Morgan, Lewis & Bockius in Philadelphia.  He graduated from Lehigh University in 1989, and graduated with honors from Temple University School of Law in 1992.