The SEC reports that Martin Murphy, its associate regional director for examinations in the agency’s Los Angeles office, is retiring after more than 36 years of public service, including 24 years at the SEC, officials say.
As associate regional director for the SEC’s office of compliance inspections and examinations since 2008, Murphy has led a team of about 65 accountants, examiners, attorneys, and support staff responsible for examining broker-dealers, investment companies and advisers, and other market participants across Southern California, Arizona, Hawaii, Nevada, and Guam, the agency notes.
Murphy also has overseen the agency’s Ninth Circuit bankruptcy program, in conjunction with the office of the general counsel.
During his tenure, Murphy “utilized cutting-edge techniques to help the SEC’s Los Angeles Regional Office uncover serious violations of the securities laws in more than 20 percent of its exams,” according to the SEC’s statement.
From 2004 to 2008, he served as assistant regional director in the L.A. office’s broker-dealer examination program. Previously, he served as a branch chief in the division of enforcement, after beginning his career with the SEC as an enforcement staff attorney in 1990. His investigations included the Gemstar-TV Guide International case, involving financial reporting fraud, and the Capital Consultants/Jeffrey Grayson case, involving investment adviser fraud, according to the statement.
“The investing public has been so well served by Martin’s unfailing dedication to the SEC’s mission of investor protection for nearly three decades in which he made profound contributions to the Los Angeles office’s examination and enforcement programs,” L.A. Regional Office Director Michele Wein Layne says in the statement.
Karol Pollock, the Los Angeles office’s deputy associate director for examinations, will serve as acting director for the office’s examination program until Murphy’s successor is named.
The SEC’s office of compliance inspections and examinations conducts the national examination program for investment advisers/investment companies, broker-dealers, self-regulatory organizations, clearing agencies, transfer agents and municipal advisors, to fulfill its mission of promoting compliance, preventing fraud, monitoring risk, and informing SEC policy.
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