The man who led the SEC's $250 million settlement with Alliance Capital Management may be on his way out the door. The Wall Street Journal's Kara Scannell reports (login required) that SEC Northeast Regional Office director Mark Schonfeld will leave in October for a private sector law firm, citing anonymous sources. (One source named Gibson, Dunn & Crutcher as Schonfeld's new home.)

An SEC spokesman declined to comment to the Journal.

Forty-five-year-old Schonfeld, based in the New York SEC office near Wall Street, was promoted to regional director in 2004, after serving as associate regional director since 2001 (see MFWire, June 8, 2004). He succeeded prior NERO regional director Wayne Carlin, who also left for private practice. 

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