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Marc Berger's addition will expand the ranks of Simpson Thacher partners to include six former SEC officials and seven former federal prosecutors, the firm said.
Among the mitigating factors were that Foncillas accepted full responsibility for misconduct and didn’t try to “blame anyone or anything for it,” the First Department said.
"With her work as a prosecutor, pro bono experience, and time in private practice, she has the expertise as a highly respected lawyer to ensure that the SEC protects investors," SEC Chairman Gary Gensler said in a statement.
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