The U.S. Securities and Exchange Commission has selected David Woodcock, a partner at the law firm Gibson, Dunn & Crutcher, to serve as its new enforcement director, according to sources familiar with the matter.

Woodcock, who is based in the firm's Dallas office, is a former ExxonMobil lawyer who has extensive experience in securities and regulatory matters. He will assume leadership of the SEC's enforcement division beginning May 4.

The enforcement division is responsible for investigating potential violations of federal securities laws and bringing civil enforcement actions against individuals and entities that violate those laws. The division plays a crucial role in maintaining market integrity and protecting investors.

Woodcock's appointment comes as the SEC continues to pursue enforcement actions across various sectors, including corporate disclosure violations, insider trading, and cryptocurrency-related matters. His background in both corporate law and regulatory compliance is expected to bring significant expertise to the role.

The selection of Woodcock represents a key leadership change at the agency as it maintains its focus on enforcement activities under the current administration.