The U.S. Securities and Exchange Commission announced that Sanjay Wadhwa will depart the agency on 31 January 2025, ending his tenure as Acting Director of the Division of Enforcement after more than 21 years at the Commission. Wadhwa has served as Acting Director since October 2024 and previously as Deputy Director since August 2021. During his time as Deputy and Acting Director, the Division of Enforcement filed more than 2,600 enforcement actions and obtained orders for more than USD 20 billion in disgorgement, prejudgment interest, and civil penalties, with billions returned to harmed investors. His leadership emphasized vigorous enforcement alongside cooperation credit and was associated with record financial remedies and increased self-reporting and remediation by market participants; earlier roles included senior posts in the New York Regional Office and oversight of investigations such as the 2016–2020 review of abusive American depositary receipt pre-release practices that resulted in more than USD 430 million in penalties.
U.S. Securities & Exchange Commission 2025-01-17
U.S. Securities and Exchange Commission announces departure of Acting Enforcement Director Sanjay Wadhwa effective 31 January 2025
The U.S. Securities and Exchange Commission announced the departure of Sanjay Wadhwa as Acting Director of the Division of Enforcement on 31 January 2025, concluding over 21 years at the agency. Under his leadership, the division filed over 2,600 enforcement actions, securing more than USD 20 billion in financial remedies, and emphasized cooperation credit and self-reporting. Wadhwa oversaw significant investigations, including the review of abusive American depositary receipt practices, resulting in over USD 430 million in penalties.