Marc Wyatt, who joined the SEC in December 2012 as a senior specialized examiner focused on advisers to hedge funds and private equity funds, has been named deputy director of the SEC’s Office of Compliance Inspections and Examinations (OCIE).
Wyatt also is the national co-coordinator of OCIE’s private fund specialized working group, and recently participated in the creation of its private fund examination unit, whose attorneys, accountants and examiners examine advisers to private funds, the SEC reports.
OCIE conducts the national exam program through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organizations, clearing agencies, and transfer agents, according to the commission. “It uses a risk-based approach to examinations to fulfill its mission to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy,” officials say.
Wyatt will “continue to be an effective advocate for investors in his new position within OCIE,” says OCIE Director Andrew Bowden in a prepared statement.
Before coming to the SEC, Wyatt was a principal and senior portfolio manager at Stark Investments, a multi-strategy hedge fund, where he also “served as chief executive of Stark Investments (UK) Ltd., [and was] responsible for European activities, including asset allocation, risk management, marketing, operations, and legal and compliance,” according to the statement. He previously was a senior investment banker at Merrill Lynch U.K. and at Alex. Brown, the venerable investment bank headquartered in Baltimore.
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