According to Wu, the official announcement from the U.S. Securities and Exchange Commission (SEC) states that Kevin Muhlendorf will serve as the new Inspector General of the agency starting July 28. Muhlendorf was a lawyer for the SEC and the Department of Justice, and for the past nine years has been a partner at the Washington, D.C. law firm Wiley Rein LLP, focusing on securities enforcement matters. SEC Chairman Paul S. Atkins stated that Muhlendorf's combination of experience in internal investigations, compliance programs, and enforcement makes him an ideal candidate who will ensure the agency operates transparently, efficiently, and effectively.

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