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Conflicts of Interest

Recusals Likely for SEC's New Top Cop

“Andrew Ceresney was picked as the Securities and Exchange Commission's new co-chief of enforcement partly because of his experience defending Wall Street in government investigations. Now, the agency has to work through the conflicts created by his private-sector past.

Mr. Ceresney, 41 years old, has named 25 of his former clients, both companies and individuals, at law firm Debevoise & Plimpton LLP in the financial-disclosure report he has to file as an SEC official, adding that there are a further three clients whose names he can't disclose for legal reasons.

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