On the heels of Paul Roye's departure, Stephen Cutler, director of the SEC's Division of Enforcement, announced on Wednesday that he will resign in one month.

Cutler, who has had the role since October of 2001, intends to rejoin the private sector. He first joined the SEC as deputy director of the Division of Enforcement in January of 1999. Prior to that, Cutler was a partner at Washington, D.C.-based Wilmer, Cutler & Pickering.

Roye, the head of the SEC's Division of Investment Management, quit his post in March.

In October, Thomas Newkirk, associate director of the Division of Enforcement, left the agency to join the Washington, D.C. office of Jenner & Block, a law firm.  

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