SEC taps new examination operations executive
Charles Koretke has been named managing executive of the SEC s Examinations division, the agency announced Tuesday.
Mr. Koretke has been acting executive since October 2019.
Mr. Koretke will be in charge of business operations, including examiner training and development and analytical services that support examinations,. He will also be the division s main liaison to other SEC divisions and offices.
Examinations Director Peter Driscoll said in the announcement that Mr. Koretke brings extensive analytical talent, demonstrated initiative, and broad knowledge of examinations to this role.
The office, created 25 years ago, is now the SEC s second-largest division in terms of staff size, after enforcement. Until Dec. 17, it was called the Office of Compliance Inspections and Examinations. The name was changed to reflect the division s emphasis on compliance in the financial services industry, SEC officials said.
SEC Creates Security-Based Swaps Joint Venture
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The Securities and Exchange Commission today announced the creation of the Security-Based Swaps Joint Venture, a collaborative venture among several SEC divisions and offices that will be responsible for coordinating functions related to the regulation of security-based swaps (SBS) and oversight of certain entities that will be required to register with the SEC (SBS entities).
The co-leads of the SBS Joint Venture will be Vivi Mazarakis, an Acting Assistant Director in the Division of Examinations, and Carol McGee, who is the Assistant Director for the Office of Derivatives Policy in the Division of Trading and Markets. The joint venture will also include participation from staff across the agency, including from the Division of Enforcement, the Division of Economic Risk and Analysis, the Office of International Affairs and the Office of the Chief Data Officer. The SBS Joint Venture will be an important part of the agency�
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Washington, D.C. (Newsfile Corp. - December 18, 2020) - The Securities and Exchange Commission today announced the creation of the Security-Based Swaps Joint Venture, a collaborative venture among several SEC divisions and offices that will be responsible for coordinating functions related to the regulation of security-based swaps (SBS) and oversight of certain entities that will be required to register with the SEC (SBS entities).
The co-leads of the SBS Joint Venture will be Vivi Mazarakis, an Acting Assistant Director in the Division of Examinations, and Carol McGee, who is the Assistant Director for the Office of Derivatives Policy in the Division of Trading and Markets. The joint venture will also include participation from staff across the agency, including from the Division of Enforcement, the Division of Economic Risk and Analysis, the Office of International Affairs and the Office of the Chief Data Officer. The SBS Joint Venture will be an important part of the agenc
FOR IMMEDIATE RELEASE Washington D.C., Dec. 18, 2020
The Securities and Exchange Commission today announced the creation of the Security-Based Swaps Joint Venture, a collaborative venture among several SEC divisions and offices that will be responsible for coordinating functions related to the regulation of security-based swaps (SBS) and oversight of certain entities that will be required to register with the SEC (SBS entities).
The co-leads of the SBS Joint Venture will be Vivi Mazarakis, an Acting Assistant Director in the Division of Examinations, and Carol McGee, who is the Assistant Director for the Office of Derivatives Policy in the Division of Trading and Markets. The joint venture will also include participation from staff across the agency, including from the Division of Enforcement, the Division of Economic Risk and Analysis, the Office of International Affairs and the Office of the Chief Data Officer. The SBS Joint Venture will be an important p
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The staff of the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (staff) issued a Risk Alert on November 19, 2020 (Risk Alert), related to OCIE’s observations regarding deficiencies in investment adviser compliance programs.
1 The Risk Alert is intended to share OCIE’s observations on “notable compliance issues” found in recent examinations of SEC-registered investment advisers (advisers) related to Rule 206(4)-7 (Compliance Rule) under the Investment Advisers Act of 1940, which issues are “among the most common cited by OCIE” according to the Risk Alert. The Risk Alert groups the staff’s observations into six categories: inadequate compliance resources; insufficient authority of Chief Compliance Officers (CCOs); annual review deficiencies; implementing actions required by written policies and procedures; maintaining accurate and complete information in policies and