Acting Chief Charles Cain to Head SEC Anti-Bribery Unit

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By Phyllis Diamond

Acting chief Charles E. Cain has been named head of the SEC Enforcement Division’s Foreign Corrupt Practices Act Unit, the agency announced Nov. 2.

Cain has served in an acting capacity since April when then-chief Kara Brockmeyer left the Securities and Exchange Commission for the private sector.

Cain joined the commission in 1999 after a stint in private practice in Washington, the SEC said in a release. He began supervising investigations in 2004, and was promoted to assistant director in 2007. When the Enforcement Division created specialized units in 2010, he joined the FCPA unit as an assistant director.

Following his Navy service, Cain earned a bachelor’s degree from State University of New York at Stony Brook and a law degree from George Washington University Law School, the SEC said.

To contact the reporter on this story: Phyllis Diamond in Washington at pdiamond@bna.com

To contact the editor responsible for this story: Seth Stern at sstern@bna.com

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