January seems to be turning into the month for senior staff attrition at the US Securities and Exchange Commission (SEC); not only has ex-associate director of the enforcement division Fredric Firestone left the building (see here), but the division of trading and markets has also lost its deputy director. Daniel Gallagher, who has been a figurehead in overseeing the issues arising from Lehman Brothers’ bankruptcy, is leaving the regulator to join Washington-based law firm WilmerHale at the end of January.

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