RSSWall Street exec to lead SEC fraud branch
From: The Washington Times | October 17, 2009
The Obama administration on Friday tapped a Wall Street executive to lead the Securities and Exchange Commission’s charge against investor fraud in the wake of the Bernie Madoff scandal as it pushed anew for a regulatory overhaul to protect Americans from financial sector shenanigans. The SEC announced Adam Storch, vice president of Goldman Sachs’ Business Intelligence Group, is assuming the new position of managing executive of the its enforcement division, created earlier this year. The move is part of the administration’s revamping of the SEC – the government’s primary watchdog of the markets – after it received widespread criticism for …
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