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The Securities and Exchange Commission today announced that Michael F. Maloney, Chief Accountant of the SECs Division of Enforcement, is planning to leave the agency next month.

Since February 2014, Mr. Maloney has led the Divisions Office of Chief Accountant, providing advice, consultation, and support on all of the Divisions accounting, auditing, and financial reporting enforcement matters. He has provided leadership and support to the Divisions approximately 100 accountants through advice, guidance, and involvement on individual enforcement matters as well as facilitating communication, knowledge sharing, and training on emerging issues. In addition, Mr. Maloney has worked on significant policy issues within the Division and with other Commission staff including the SECs Office of the Chief Accountant and the Division of Corporation Finance, and he has played a leadership role in the Divisions coordination with the Public Company Accounting Oversight Boards enforcement program.

Mike has been a trusted advisor to the Division in accounting, auditing, and reporting matters, said Stephanie Avakian, Co-Director of the SECs Enforcement Division. As the Divisions Chief Accountant, Mike has brought significant expertise and insight to the SECs financial fraud investigations. His leadership and integrity have been tremendous assets in our fight against financial fraud, and we will miss his sage advice in these matters.

Mr. Maloney said, It has been the honor of my career to work with the incredibly talented and dedicated enforcement accountants and attorneys who work every day to protect investors on the Divisions complex and challenging financial reporting matters. I am very proud of the results that the Division has achieved on financial reporting matters over the past four years.

During Mr. Maloneys tenure as the Divisions Chief Accountant, the SEC has brought financial reporting enforcement actions addressing a wide range of misconduct, including:

Mr. Maloney joined the SEC from Navigant Consulting Inc., where he was a managing director and led the firms forensic accounting practice. He was previously a partner at Arthur Andersen LLP. His experience includes performing complex forensic investigations of accounting, auditing, financial reporting, and other fraud matters, providing expert witness support and services, and performing and supervising financial statement audits at public and private entities in a variety of industries. Mr. Maloney earned his B.S. in Accountancy with high honors from the University of Illinois.

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