INDIANAPOLIS (AP) - The man who led the state investigation of Indianapolis-area money manager Marcus Schrenker and held the Indiana State Teachers Association responsible for selling unregistered securities to school corporations is taking a new job.

Indiana Securities Commissioner Chris Naylor has resigned to become assistant executive director of the Indiana Prosecuting Attorneys Council.

The Madison native was appointed securities commissioner in October 2007 by former Secretary of State Todd Rokita. He previously was Jefferson County prosecutor and worked for the Protection Assistance Unit of the Indiana Securities Division.

Secretary of State Connie Lawson says Naylor leaves "a legacy of increasing penalties for investment fraud, recovering tens of millions of dollars in investor losses and establishing a restitution fund to repay Hoosier victims of investment fraud."

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