More On Legal & Compliancefrom The Advisor's Professional Library
- RIAs and Customer Identification Just as RIAs owe a duty to diligently protect their clients privacy and guard against theft, firms also play a vital role in customer identification. Although RIAs are not subject to an anti-money laundering rule, securities regulators expect advisors to address these issues in their policies and procedures.
- Agency and Principal Transactions In passing Section 206(3) of the Investment Advisers Act, Congress recognized that principal and agency transactions can be harmful to clients. Such transactions create the opportunity for RIAs to engage in self-dealing.
The Securities and Exchange Commission announced Tuesday that Jane Jarcho has been named national associate director of the investment adviser/investment company examination program in the Office of Compliance Inspections and Examinations (OCIE).
Jarcho, who will oversee a staff of approximately 450 lawyers, accountants and examiners responsible for inspections of U.S.-registered investment advisors and investment companies, has been the acting national associate director of the program since March.
She joined the SEC in 1990 and previously served as the associate director of the IA/IC examination program in the SEC’s Chicago regional office.
“Jane brings a wealth of experience that will help us to continue to strengthen our risk-based approach to the examination of investment advisers and investment companies,” said OCIE Director Andrew Bowden, in a statement.
Jarcho added in the same statement that she is “honored and excited for the opportunity to work with the IA/IC examination staff in Washington, D.C. and throughout the country.” Having worked alongside the IA/IC staff for several years, Jarcho said she knew “they are a dedicated group of professionals who are committed to protecting investors by promoting compliance, informing policy, and detecting wrongdoing.”
Jarcho began her SEC career in the Division of Enforcement and held several positions including branch chief, senior trial counsel and assistant regional director before joining OCIE in 2008.
She has a B.A. from Middlebury College and a law degree from the University of Wisconsin Law School.
Check out Hedge Fund Manager Falcone Agrees to Pay $18M to SEC, Admits Wrongdoing on ThinkAdvisor.