Staff members of the Office of Compliance Inspections and Examinations (OCIE) have identified cybersecurity and privacy control deficiencies among securities trading firms registered with the SEC and have issued a risk alert that reminds advisers and broker-dealers of their obligations. “In response to these observations, many of the registrants modified their written policies and procedures… Read More >>
FINRA EVP of Regulatory Ops to Depart
FINRA’s Axelrod to Help with Transition The Financial Industry Regulatory Authority reports that Susan F. Axelrod will leave the organization early in the new year for the private sector, after 28 years at FINRA and NYSE Regulation, its predecessor. She has been executive vice president for regulatory operations since 2013, responsible for heading the member… Read More >>
SEC Bids Farewell to More High-Level Staff
Departures are in full swing at the SEC since SEC Chair Mary Jo White announced this past November that she will be stepping down from the top post, sparking an exodus of high-level personnel (http://bit.ly/2ggL1lI). In her wake, Michael Piwowar has been serving as the SEC acting chairman. Not long after White’s announcement, Andrew J…. Read More >>
SEC Revamps OCIE to Bolster Surveillance
The SEC has created the Office of Risk and Strategy within its Office of Compliance Inspections and Examinations (OCIE) in order to consolidate OCIE’s risk assessment, market surveillance, and quantitative analysis teams, SEC officials say. The streamlining effort is intended to bolster operational risk management and organizational strategy for OCIE, officials add. The effort is… Read More >>
SEC Puts Industry on Notice for 2016 Exams
Liquidity controls, public pension advisers, product promotion, exchange-traded funds and variable annuities are on the SEC’s radar as far as issues that have risen to the top for the regulator’s examination priorities in 2016. Through the Office of Compliance Inspections and Examinations (OCIE), the SEC is setting priorities for the new year, and in addition… Read More >>
SEC’s Head of Examinations to Leave
Andrew “Drew” Bowden, the director of the Office of Compliance Inspections and Examinations (OCIE), will step down by the end of this month and will return to the private sector, according to the SEC. Bowden’s time with the SEC began in November 2011 when he joined the regulator to serve as OCIE’s National Associate for… Read More >>
SEC Sets Exam Priorities for 2015
SEC officials will focus their exams in 2015 on retail investors, market-wide risks and data analytics to uncover illegal activity, according to the Office of Compliance Inspection and Examinations (OCIE). The priorities for exams this year will be “protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics… Read More >>
SEC Fills OCIE Post
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… Read More >>
SEC Atlanta’s Dignam to Be OCIE Senior Counsel
The SEC reports that Rhea Kemble Dignam, currently director of the SEC’s Atlanta regional office (ARO), has been named senior counsel to the director of the SEC’s Office of Compliance Inspections and Examinations (OCIE). Dignam, who joined the SEC as the Atlanta regional office director in March 2010, will assume her new post when Liban… Read More >>
