SEC Chairman Harvey Pitt said, "I am extremely pleased that Steve Cutler will be our new Director of Enforcement. He brings with him a long record of accomplishment, both here at the Commission as well as in the private sector. His keen intellect, superb judgment and passion for investor protection have impressed me and everyone else with whom he's worked. I am certain that the Commission's enforcement programs will continue to flourish under Steve's direction."
Mr. Cutler said, "I am delighted and honored to have the opportunity to serve the Commission as the Director of Enforcement. The Commission has a proud tradition of vigorous and even-handed enforcement of the federal securities laws. I look forward to continuing that tradition in the days ahead."
Mr. Cutler, 40, succeeds Richard Walker as the Commission's Director of Enforcement. Mr. Cutler came to the Commission in January 1999 as the Deputy Director of the Enforcement Division. Since his arrival, he has twice been awarded the Chairman's Award for Excellence. Before coming to the Commission, he was a partner at the Washington, D.C. law firm of Wilmer, Cutler & Pickering, where he specialized in securities enforcement and litigation, as well as broker- dealer regulation and compliance.
He received his B.A. summa cum laude from Yale University and his J.D. from Yale Law School, where he was an editor of the Yale Law Journal.
