The Securities and Exchange Commission (SEC) has named Marc Wyatt as deputy director of the agency's Office of Compliance Inspections and Examinations (OCIE).
Wyatt joined the SEC in December 2012 as a senior specialised examiner focused on examinations of advisers to hedge funds and private equity funds. He is also the national co-coordinator of OCIE’s Private Fund Specialised Working Group and recently participated in the creation of its Private Fund Examination Unit, whose attorneys, accountants, and examiners specialise in examinations of advisers to private funds.
“During his time here, Marc has demonstrated exceptional drive, judgment, and knowledge of the industry,” says OCIE director Andrew Bowden. “He is a superb manager and communicator, and he will continue to be an effective advocate for investors in his new position within OCIE.”
Wyatt says: “I am honoured to take on this new role. It is a great opportunity to work with the talented OCIE staff throughout the country who have contributed so much to the success of the SEC’s recent exam initiatives.”
OCIE conducts the SEC's national exam programme through examinations of SEC-registered investment advisers, investment companies, broker-dealers, self-regulatory organisations, clearing agencies, and transfer agents. It uses a risk-based approach to examinations to fulfil its mission to promote compliance with US securities laws, prevent fraud, monitor risk, and inform SEC policy.
