SEC Names Adam Aderton As Co-Chief Of Asset Management Unit

Job Appointments | May 3, 2019 By:

The US Securities and Exchange Commission (SEC) has announced that Adam S. Aderton has been named Co-Chief of the Division of Enforcement’s Asset Management Unit, succeeding Anthony Kelly, who left the agency in November 2018.

The Asset Management Unit is the Enforcement Division’s largest specialized unit and focuses on misconduct by investment advisers and service providers to mutual funds, ETFs, retail client accounts, hedge funds, and private equity funds.

Aderton joined the SEC in 2008 as a staff attorney in the Division of Enforcement. He joined the Asset Management Unit in 2010, and was promoted to Assistant Director in 2013. He has brought or supervised enforcement actions that addressed a wide range of misconduct and investor harm across the asset management industry, including the SEC’s actions against two J.P. Morgan wealth management subsidiaries, two UBS advisory firms, and Crypto Asset Management LP and its principal, Timothy Enneking, among others. Aderton received the Ellen B. Ross Award in 2013, which recognizes exemplary commitment, enthusiasm, and performance in the fair and effective enforcement of the federal securities laws.

Before joining the SEC, he served as a law clerk to the Honorable J. Frederick Motz on the U.S. District Court in Maryland and then was a securities associate at Wilmer Cutler Pickering Hale and Dorr LLP in Washington, D.C. He received his law degree from the University of Virginia School of Law where he was Order of the Coif and his undergraduate degree with highest honors from Truman State University.

“I am confident that Adam and his Co-Chief, Dabney O’Riordan, will together provide strong leadership of the Asset Management Unit and continue to deliver results for investors harmed by asset manager misconduct,” said Steven Peikin, Co-Director of the SEC’s Division of Enforcement.

“I am honored to lead the Asset Management Unit with Dabney,” said Aderton. “I have been with the Unit since its inception, and I have tremendous pride in its people, its work, and all it has accomplished so far. I look forward to working with our talented and dedicated colleagues across the country as we continue our work protecting investors in this critical industry.”