Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Regulation and Compliance > Federal Regulation > SEC

SEC Names Driscoll Head of Exam Unit

By Melanie Waddell

X
Your article was successfully shared with the contacts you provided.

The Securities and Exchange Commission has named Peter Driscoll director of the agency’s Office of Compliance Inspections and Examinations.

He’s been serving as OCIE’s acting director since January, when former OCIE head Marc Wyatt departed.

OCIE directs the agency’s National Examination Program, which uses a risk-based approach to examine investment advisors and broker-dealers.     

“Pete has been an exceptional leader of the National Examination Program since taking over as acting director of OCIE, including advancing the use of technology to make the program more effective,” said SEC Chairman Jay Clayton, in a statement. “With over 15 years of experience at the SEC as an attorney, examiner, and manager, I am confident that Pete and OCIE’s dedicated staff will continue to advance the interests of investors across the country.” 

Driscoll said in March that “Gone are the days of a long, full-scope” exam. “We aren’t in there for a very long time” because examiners take more “targeted, shorter, deep dives into high-risk areas that are published in our priorities … to be more effective and to get our coverage up.” 

Driscoll was named as OCIE’s first chief risk and strategy officer in March 2016 after previously serving as OCIE’s managing executive from February 2013 through February 2016. 

He first joined the commission as a summer legal intern in the Chicago Regional Office in 2000, and rejoined the SEC in 2001 as a staff attorney in the Division of Enforcement. He was later a Branch Chief and Assistant Regional Director in OCIE’s Investment Adviser and Investment Company examination program. 

Driscoll began his career with Ernst and Young LLP and held several accounting positions in private industry. He earned a B.S. in accounting as well as a J.D. from St. Louis University. He is licensed as a certified public accountant and is a member of the Missouri Bar Association.  

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.