The SEC’s Acting Inspector General has has left the office, less than two months after releasing a report sharply critical of Chairman Gary Gensler’s approach to rulemaking, saying it was hurried and potentially detrimental to the agency’s workers and the overall health of the organization.

The report said that several senior managers didn’t even know about key changes in department policy until after they were implemented in December, 2021.

An SEC spokesperson said the departure of Acting Inspector General Nicholas Padilla, who took over earlier this year, is not related to his office’s activities.

“Nick was employed as a Federal Law Enforcement Officer and left service in November. His departure had absolutely nothing to do with any of the substantive work of the Office of the Inspector General,” reads a statement released by the agency.

Further, government-wide staffing regulations limit the amount of time individuals can serve in a higher-graded position without competition to no more than 120 days, according to the statement.

Helen M. Albert is now listed as the acting IG. She had served as Deputy Inspector General for Operations and Management since 2019, and before that was acting inspector general at HUD.

Padilla has more than 30 years of law enforcement investigative experience, including stints at Housing and Urban...

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