Wu Shuo has learned that the U.S. Securities and Exchange Commission (SEC) announced that Enforcement Director Margaret A. Ryan has resigned, and Chief Deputy Director Sam Waldon will serve as Acting Enforcement Director starting March 16. SEC Chair Paul Atkins stated that during Ryan's tenure, the Enforcement Division refocused on securities fraud and market manipulation cases, and reduced enforcement priority on technical violations. The SEC is expected to announce a new permanent director in the coming weeks.

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