Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, sent a letter to Securities and Exchange Commission (SEC) Chair Paul Atkins seeking an explanation for the abrupt resignation of Judge Margaret Ryan as Director of the SEC’s Division of Enforcement and urging the SEC to publish its prior fiscal year enforcement statistics. The letter notes that the SEC announced Ryan’s resignation on March 16, 2026, roughly six months into her tenure, without providing a reason or naming a successor. Warren cited media reports suggesting Ryan faced internal resistance when seeking to pursue fraud and misconduct cases involving allies of President Trump, including matters reportedly involving cryptocurrency entrepreneur Justin Sun and Elon Musk. She also argued that staff reductions and leadership turnover could impair the Enforcement Division’s ability to carry out its mission, and pointed to the SEC’s continued failure to release fiscal year 2025 enforcement data despite Atkins’ February 12 hearing commitment and her February 27 request for prompt publication.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-30
U.S. Senate Committee on Banking, Housing and Urban Affairs’ Warren presses SEC Chair Atkins for answers on Enforcement Division director resignation and delayed enforcement data
Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, has written to SEC Chair Paul Atkins seeking an explanation for Judge Margaret Ryan’s abrupt resignation as Enforcement Division Director and urging publication of fiscal year 2025 enforcement statistics. She cited reports that Ryan faced internal resistance on high-profile fraud and misconduct cases and warned that staff reductions, leadership turnover and delayed enforcement data could undermine the division’s effectiveness.