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The SEC reports that David Grim has been named director of the division of investment management. Grim has been the division’s acting director since February, following the departure of former director Norm Champ.
Grim joined the SEC in September 1995 as a staff attorney in the division’s office of investment company regulation, according to a commission statement. In January 1998, “he moved to the division’s office of chief counsel and was named assistant chief counsel in September 2007. Mr. Grim was appointed as deputy director of the division in January 2013, with responsibility for overseeing all aspects of its disclosure review, rulemaking, guidance, and risk monitoring functions,” officials say.
“David is a committed public servant with a nearly 20-year tenure in the division of investment management,” SEC Chair Mary Jo White says in a prepared statement. “I am confident that the commission and the public will continue to benefit from his leadership and deep knowledge of the work of the division on behalf of investors.”
The SEC characterizes the division of investment management as working to “protect investors, promote informed investment decisions, and facilitate innovation in investment products and services through oversight and regulation of the nation’s multi-trillion dollar asset management industry.”
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