Head Of SEC's Structured And New Products Unit To Retire

Law360, Los Angeles (July 16, 2013, 8:48 PM EDT) -- Kenneth R. Lench, chief of the U.S. Securities and Exchange Commission’s enforcement division’s structured and new products unit, is leaving the SEC after 23 years of service to join the private sector, the SEC announced Tuesday.

Lench, who will leave the SEC at the end of July, has served as head of the structured and new products unit since its inception in January 2010. The unit conducts investigations into complex financial instruments, including asset-backed and derivative securities, and has 45 staff members in eight SEC offices...
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