The Securities and Exchange Commission has tapped SEC insider Meyer "Mike" Eisenberg to replace Paul Roye as head of its Investment Management Division on an acting basis. The responsibilities of the job include the regulatory oversight of the mutual fund industry.

Eisenberg has been the SEC's deputy general counsel since 1998. Prior to joining the SEC, he was in private practice from 1970 to 1998. During that time, he was a partner at Roseman and Colin before joining the faculty at Berkeley in 1985 where he was director of the National Center on Financial Services. From 1988 to 1990 was an adjunct professor at Georgetown University. He later returned to private practice as a partner at Ballard Spahr and then Kramer Levin.

He started his career at the SEC in 1959 as executive assistant to then SEC Chairman Manuel F. Cohen. He also served as associate general counsel and assistant chief counsel of the Division of Investment Management before leaving the SEC in 1970.

In February, Roye announced that he would leave the SEC to enter the private sector. He had served as head of the Investment Management Division since 1998.  

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