“I have been extremely impressed by the work of the Division of Enforcement under Stephanie’s leadership, and I am delighted that she will continue to use her judgment and knowledge to lead the Division,” said Chairman Clayton. “She has a first-class legal mind, has the respect of her colleagues in the Washington and regional offices, and, most importantly, is dedicated to the SEC’s mission.”

“Steve brings to the SEC deep market knowledge and extensive prosecutorial experience, including in multinational matters,” Chairman Clayton added. “I have no doubt that investors and our markets will benefit from his service.”

Ms. Avakian will continue to work out of the SEC’s Washington, D.C. headquarters.  Mr. Peikin will split his time between the SEC’s headquarters and the agency’s New York Regional Office.