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Exclusive: US SEC Taps Gibson Dunn Attorney to Be New Enforcement Director

David Woodcock returns to the agency as enforcement activity falls more than 20%, according to Reuters.

  • The U.S. Securities and Exchange Commission appointed David Woodcock, a Gibson Dunn partner and former agency official, as enforcement director to lead the 1,000-person division beginning May 4, replacing Margaret Ryan.
  • Ryan resigned last month after six months, reportedly clashing with SEC Chairman Paul Atkins over enforcement strategy and investigations touching the president's circle, according to reports.
  • Under President Donald Trump, the agency has seen 18% of enforcement staff depart, while the SEC brought more than 20% fewer enforcement actions in fiscal 2025 than in the prior year.
  • Woodcock promised to lead the division "with the highest level of professionalism and rigor," while former Fort Worth Regional Office colleague Jessica Magee expects him to be a stabilizing force.
  • His appointment follows an overhaul of the enforcement program under Trump, which dismissed high-profile cases against crypto firms Binance and Coinbase while moving away from large corporate cases with steep penalties.
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Exclusive: US SEC taps Gibson Dunn attorney to be new enforcement director

·United Kingdom
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Reuters broke the news in United Kingdom on Wednesday, April 8, 2026.
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