George Canellos, co-chief of the U.S. Securities and ExchangeCommission's enforcement division, said investigators are turningtheir focus to enforcing new regulations from the 2010 Dodd FrankAct.

“You'll see a lot of our cases geared toward showing that whennew regulations are written that people must comply with them,”said Canellos, who was speaking today on a panel at a PractisingLaw Institute event in New York. Enforcers play a “criticallyimportant” role in shaping new rules, he said.

Canellos, who highlighted new regulations aimed to bringtransparency to the derivatives market, said investigators arepursuing issues such as the role of fiduciaries who are responsiblefor setting up internal safeguards against fraud and improper risktaking. The shift in focus comes as the agency wraps up caseslinked to the credit market turmoil of 2008, he said.