"The single most significant trend in securities enforcement today is the increased allocation of resources to misconduct by investment advisors," says Robert Kaplan, the former co-chief of the Securities and Exchange Commission's Asset Management Unit, which is housed within the agency's Division of Enforcement.

Kaplan left his post at the SEC and on June 1 joined the law firm Debevoise & Plimpton. He is now a litigation partner resident within the White Collar and Regulatory Enforcement Practice at the firm's Washington office.

At Debevoise, Kaplan will represent clients in a broad range of securities-related enforcement and compliance issues, particularly those involving requirements affecting SEC-registered investment advisors affiliated with hedge funds, private equity funds, investment companies, mutual funds and separately managed funds—all areas the Asset Management Unit at the SEC focuses on as well.