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business1d ago
SEC's ex-enforcement chief clashed with bosses before leaving, Reuters sources say
- Ryan resigned after just over six months as SEC enforcement chief, per Reuters sources.
- She clashed with agency leaders over enforcement direction, including cases tied to Trump circles, according to three people familiar with the matter.
- Tensions also involved how crypto cases and executive actions were handled under Atkins’ leadership.
- The report notes a shift away from large corporate cases toward fraud and manipulation cases like Ponzi schemes.
- Sources described Ryan as an unusual pick for leading the enforcement team of over 1,000 people.
- Reports said Ryan backed staff in disputes with individuals and companies under investigation.
- A February speech cited fixing aspects of the enforcement program while affirming commitment to quality actions.
- The Sun settlement and Musk case were cited as examples of enforcement activity entwined with political context.
- Ryan’s leadership faced pushback on how to handle cases touching major political donors and figures.
- SEC chair Paul Atkins and other Republican appointees reportedly resisted Ryan's aggressive stance.
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