Another top lawyer is leaving the U.S. Securities and Exchange Commission.
Mark Adler, deputy chief litigation counsel of the Division of Enforcement, is moving to the Public Company Accounting Oversight Board as deputy chief trial counsel in the Division of Enforcement and Investigations.
As the SEC’s deputy chief litigation counsel since 2004, Adler worked with the chief litigation counsel to oversee the Division of Enforcement's nationwide litigation program.
His move follows turnover in the chief position. After former chief litigation counsel Luis Mejia joined DLA Piper as a partner in December 2009, Adler held the job in an acting capacity until August, when Matthew Martens was appointed. Martens joined the agency from the U.S. Attorney's Office in the Western District of North Carolina.
Adler, a Harvard Law School graduate, spent 13 years at the SEC, where he was previously assistant chief litigation counsel and lead trial counsel in complex federal district court actions and administrative proceedings involving financial fraud, insider trading, offering fraud and market manipulation.
"Mark has provided a steady hand in guiding the division's litigation program, and his many contributions to the division are reflected in the strong trial record compiled by the division's litigators," said Robert Khuzami, Director of the SEC's Division of Enforcement in a written statement. "Extremely well-liked and respected throughout the Commission, Mark exhibited a serious commitment to enforcing the securities laws and has been a strong advocate for investors."
Other recent agency departures include Andrew "Buddy" Donohue, director of the the Division of Investment Management, who left the SEC on Nov. 19. Brian Breheny, former deputy director for legal and regulatory policy, joined Skadden, Arps, Slate, Meagher & Flom as a partner in October