Securities Regulation Daily Wrap Up, SEC NEWS AND SPEECHES—SEC announces new Enforcement Division deputy directors, (Jan 12, 2026)

By Rebecca E. Hoffman, J.D.

Paul Tzur and David Morrell both come to the commission from private practice.

The SEC announced Jan. 12 that Paul H. Tzur and David M. Morrell have been named deputy directors of the Commission’s Division of Enforcement.

Tzur, formerly in practice concentrating on white collar defense and complex commercial litigation, is overseeing the SEC’s enforcement program in the Chicago, Atlanta, and Miami regional offices. He served as prosecutor in the Northern District of Illinois and clerked for Judge Steven M. Colloton of the Eighth Circuit after earning his law degree at Northwestern.

Morrell’s practice focused on civil litigation and government disputes, and prior to that he was a deputy assistant attorney general in the DOJ’s civil division. He now oversees the enforcement program in New York, Boston, and Philadelphia. He served in other DOJ and White House roles and clerked for Supreme Court Justice Clarence Thomas after graduating from law school at Yale.

Judge Margaret A. Ryan, director of the division, said that Tzur and Morrell “‘have a wealth of experience as … trial, litigation, and appellate lawyers … which will serve them well as they assume leadership over enforcement investigations and litigations in several offices that play a key role in achieving our investor protection mission.’”

RegulatoryActivity: Enforcement SECNewsSpeeches