New Jersey AG Gurbir Grewal to join SEC as head of enforcement

Gurbir Grewal, New Jersey's attorney general, is taking the reins as the Securities and Exchange Commission's director of enforcement.

Grewal is resigning his position today, according to the New Jersey Globe. The enforcement division has been led on an acting basis since the previous director, Alex Oh, stepped down in April. The SEC confirmed the news in a press release after the initial reports of Grewal's appointment.

"The Enforcement Division has a critical role to play in finding and punishing violations of the law," Grewal said in a statement. "I'm excited to get to work with the talented team of public servants to uncover and prosecute misconduct and protect investors."

During his time in office in New Jersey, Grewal pursued a range of crypto-related actions. These include enforcements as part of the wider so-called "Operation Cryptosweep," which targeted fraudulent activities. 

"I'm honored and delighted to welcome Attorney General Grewal to the SEC," SEC Chair Gary Gensler commented in a press statement. "He has had a distinguished career as New Jersey's chief law enforcement officer and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time.