On June 3, the SEC announced that Stephen L. Cohen, Associate Director of the Enforcement Division, plans to leave the agency later this month. Cohen joined the SEC in 2004 as the Assistant Chief Litigation Counsel in the Enforcement Division, served as a senior advisor to former SEC Chairman Mary Schapiro from 2009 to 2011, and was appointed Associate Director of Enforcement in 2011. Under Cohen’s direction, the SEC brought enforcement actions addressing a variety of market participants’ alleged violations of federal securities laws.