SEC Exam Chief Wyatt to Exit

In each year, Commission staffers significantly increased examinations, performing more than 2,400 examinations in fiscal 2016, a 20% increase over fiscal 2015 and a seven-year high in examinations conducted. 

By the end of fiscal 2016, OCIE completed a reallocation of resources within the examination program that, along with focused hiring, resulted in increasing the size of the investment advisor and investment company examination staff by more than 20% as compared to the prior year in response to rapid industry growth. 

Under Wyatt’s term as director, OCIE created the Office of Risk and Strategy, formed the FINRA and Securities Industry Oversight Team, or FSIO, to enhance oversight of the Financial Industry Regulatory Authority, as well as establishing the Technology Controls Program, or TCP, and its Cyberwatch unit.

Before joining the SEC, Wyatt was a principal and senior portfolio manager of a global multistrategy hedge fund, as well as a senior investment banker in the U.S. and U.K. 

Driscoll joined the agency in 2001 as a staff attorney in the Division of Enforcement in the Chicago Regional Office and was later a branch chief and assistant regional director in OCIE. He began his career with Ernst & Young LLP and held several accounting positions in private industry. He received his B.S. in accounting and law degree from St. Louis University and is licensed as a certified public accountant. He is also a member of the Missouri Bar Association.