Marshall S. Sprung, co-chief of the SEC enforcement division’s asset management unit, will leave later this month, the Securities and Exchange Commission announced Monday.
The reason for Mr. Sprung’s departure and information on his plans could not immediately be learned.
Co-chief Anthony S. Kelly will continue to lead the unit following Mr. Sprung’s departure. Mr. Kelly was named co-chief in March, replacing Julie Riewe, who left the SEC in February to join law firm Debevoise & Plimpton in New York.
Mr. Sprung joined the SEC in 2003 and has served as co-head of the unit for two and a half years. Before the SEC, he served as a litigation associate at Gibson, Dunn & Crutcher in Los Angeles and law clerk for the U.S. District Court in Dallas.
The SEC enforcement division’s asset management unit was created in 2010 to investigate investment advisers, investment companies and private funds.
A spokeswoman could not immediately be reached for additional information.
