New York: New Jersey Attorney General Gurbir Grewal is going to resign to join the Securities and Exchange Commission (SEC). He is a prominent Indian-American and the longest-serving Sikh Attorney-General of the US state of New Jersey. Grewal, who has served as the state’s top law enforcement officer since 2008, will step down on July 26, the SEC said in a statement on Tuesday. He will take over as director of the SEC’s enforcement department.
SEC Chairman Gary Gensler said, “I am honored to welcome Attorney General Gurbir Grewal to the SEC. He has made significant contributions as Chief Law Enforcement Officer of New Jersey and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values , and leadership skills to run the Enforcement Division at this critical time. I look forward to working closely with them to protect investors and root out wrongdoing in our markets.” Grewal is his second choice for the commission’s post after Joe Biden took over as US President in January, reported NZ.com.
The commission selected attorney Alex Oh for the position in April, but declined to take over, citing “personal reasons”. At the same time, Grewal said in a statement, “The Enforcement Department has an important role to play in detecting and punishing the violators of the law. I look forward to working with a talented team of public servants to uncover misconduct, prosecute them and protect investors.”
Governor Phil Murphy also confirmed Grewal’s joining the SEC. He described Grewal as an “invaluable member” of his administration and said he would be part of the SEC, which regulates the country’s financial markets. Gurbir Grewal’s tenure as Attorney General has been very much discussed. He filed lawsuits against the administration of former US President Donald Trump in several cases, including issues related to the Environment and Affordable Care Act. Many major changes were also made during his tenure.