Mark Cahn has taken over as general counsel of the
US Securities and Exchange Commission (SEC).
Former general counsel David Becker has returned to
Cleary Gottlieb Steen & Hamilton after two years in the
Cahn was promoted from deputy general counsel of
the litigation and arbitration division, prior to which he was
a securities litigation partner at WilmerHale.
There are also changes at the Federal Deposit
Insurance Corporation (FDIC). On Monday the FDIC announced that
Chairperson Sheila Bair will step down on July 8.