Helene Glotzer, Associate Regional Director and Co-Head of Enforcement for SEC's New York Regional Office, to Leave Commission

FOR IMMEDIATE RELEASE
2007-83

Washington, D.C., May 2, 2007 - The Securities and Exchange Commission announced today that Helene Glotzer, Associate Regional Director and co-head of enforcement for the Commission's New York Regional Office, will leave the agency in May to join Bridgewater Associates, Inc. as Corporate Counsel/Deputy Chief Compliance Officer.

During her tenure at the SEC, Ms. Glotzer directed a number of significant enforcement actions, including:

• an action against the former general counsel of Monster Worldwide, Inc., for his role in a stock option backdating scheme;
• cases involving mutual fund late trading and/or deceptive market timing, including actions against: Canadian Imperial Holdings, Inc. and CIBC World Markets Corp., Millennium Partners, L.P., Trautman Wasserman & Company, Inc., Wall Street Access, and Fred Alger Management, Inc.;
• actions against former brokers from Merrill Lynch, Citigroup, and Lehman Brothers and former day traders at A.B. Watley, Inc., for a scheme that used access to squawk boxes to trade ahead of confidential institutional customer order flow;
• actions against Deloitte & Touche LLP and Scientific-Atlanta, Inc. for their roles in causing violations that accompanied a massive accounting fraud at Adelphia Communications Corporation;
• insider trading cases, such as SEC v. Aragon Capital Management, LLC, SEC v. Samuel D. Waksal and Jack Waksal, SEC v. Martha Stewart and Peter Bacanovic, and SEC v. Zvi Fuks and Sabina Ben-Yehuda; and
• an action against Statoil, ASA for violations of the Foreign Corrupt Practices Act resulting from the payment of bribes to an Iranian government official in return for his assistance in developing projects in Iran.

Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "Helene has had a spectacular career with Enforcement; she also has been a spectacular colleague. We will miss her and her energy, insight and enthusiasm and wish her all the very, very best."

Mark K. Schonfeld, Director of the Commission's New York Regional Office, added, "It has been an honor and a privilege to work with Helene for the last 10 years. The investing public has benefited tremendously from her keen intellect, sound judgment and unwavering dedication to their protection. I wish her the best of luck in her next endeavor."

Ms. Glotzer said, "I am grateful for the opportunity to have worked with so many exceptionally talented and dedicated colleagues who perform their work with such skill and integrity. Many of them have been mentors and friends to me, and I will miss them. I am proud to have been a part of an office that demonstrates on a daily basis its commitment to the Commission's mission of protecting the investing public."

Ms. Glotzer, 37, has served as co-head of enforcement for the SEC's New York office since November 2004. She previously held various other positions as part of the office's enforcement staff including Assistant Regional Director and Branch Chief. Ms. Glotzer joined the Commission in 1997 as a staff attorney.

Ms. Glotzer graduated from Binghamton University. She received her J.D. from University of Michigan Law School. Prior to her SEC service, she practiced commercial and securities litigation at Brown & Wood LLP, now known as Sidley Austin LLP.

http://www.sec.gov/news/press/2007/2007-83.htm