U.S. SEC's internal watchdog Hoecker to retire in early May

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Deputy Inspector General for Audits, Evaluations, and Special Projects Rebecca Sharek will take over as acting Inspector General, the SEC said in a statement.

Hoecker’s exit comes months after Reuters reported that he kept his job at the agency following a government probe accusing him of “serious misconduct.” In 2020, the Republican-led agency suspended him without pay for seven days.

Prior to joining the SEC, Hoecker served in similar roles for the U.S. Capitol Police and Treasury Department. He has spent more than four decades in the federal government.