SEC corporation finance director to step down

Meredith B. Cross, director of the SEC's corporation finance division, is leaving the SEC at the end of December.

Ms. Cross has no immediate plans after leaving the SEC, according to an agency spokeswoman. Her successor has not been named.

Ms. Cross, who became division director in June 2009, is part of the senior management team of Chairwoman Mary Schapiro. Ms. Schapiro is leaving the SEC on Dec. 14.

Ms. Cross has directed efforts to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act, which expanded registration rules for private fund advisers, and the Jumpstart Our Business Startups Act, which calls for easing a ban on solicitation and advertising by hedge funds.

“Meredith has been an exceptional division director and a trusted adviser during this critical time at the commission,” Ms. Schapiro said in a statement. “Because of the efforts of Meredith and her staff, investors today get better, more meaningful information about the companies they invest in.”

The division oversees SEC policy and capital markets, legal and regulatory issues, and disclosure operations. Ms. Cross worked in the division from 1990 to 1998, before leaving to become a partner at Wilmer Cutler Pickering Hale and Dorr.