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US Securities and Exchange Commission (SEC) general counsel David Becker has decided to leave the commission and return to private practice
It is understood that Becker has yet to finalise specific plans about a new role. In the short term, he will remain at the SEC to help his successor settle in. It is not yet known who will fill Becker's shoes. Becker said: "I leave the commission with the greatest regret. It's been a privilege to play a role in protecting investors and a joy to work with dedicated and talented colleagues in the Office of General Counsel and throughout the commission's staff." Before joining the SEC in 1998, Becker had been a partner at Washington DC-based Wilmer Cutler & Pickering. His SEC career began with a post as deputy general counsel and he assumed the top legal role in 2000. SEC chairman Harvey Pitt said: "David has been a singular force for the protection of investors and for the rule of law. "Virtually every major action the commission has taken over the past two years bears the imprint of his intellectual rigour and outstanding judgement."