Long-time prosecutor, George Canellos, has been appointed as acting enforcement chief of the U.S. Securities and Exchange Commission. His authority will kick in on February 8, 2013.
Canellos was tapped to fill the void of the much discussed departure of Robert Khuzami. Canellos served under Khuzami. In an endorsement, Khuzami states, "George is highly respected for his intellect, prosecutorial instincts, and commitment to tough and fair enforcement of the federal securities laws."
Will this be a long-term role?
Only time, politics, and possibly job performance (and did I mention politics), will tell. With the appointment of Mary Jo White to take over for interim chief, Elisse B. Walter, this could be short-lived??