Home / Latest News / SEC Enforcement Division Asset Mgmt Unit Co-Chief Marshall Sprung to Retire in April

SEC Enforcement Division Asset Mgmt Unit Co-Chief Marshall Sprung to Retire in April

Securities and Exchange CommissionMarshall Sprung, the Securities and Exchange Commission‘s co-chief of the enforcement division asset management unit, will leave the agency in April.

He joined SEC in 2003 and has since led investigations of investment advisers for numerous misconduct incidents that involved valuation, disclosure, conflicts of interest, fund governance and the advisory contract approval process, SEC said Monday.

Andrew Ceresney, director of the SEC’s enforcement division, said that Sprung aided the unit grow its knowledge and led efforts to adopt data-driven approaches.

He also received numerous awards during his stint with the agency such as the SEC Chairman’s Award for Excellence in Leadership and the Arthur F. Mathews Award.

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