The Securities and Exchange Commission said Tuesday that Keith Cassidy has been named director of the Division of Examinations.
Cassidy has served as acting director since May 2024 and previously was the division’s deputy director, acting co‑director and National Associate Director of the Technology Controls Program.
Cassidy became acting director in 2023, when Richard Best, the then director took leave from the agency to focus on his health.
“Keith has demonstrated steady leadership and a commitment to risk‑based, technology‑informed oversight,” SEC Chair Paul Atkins said in a statement. “His experience modernizing examination practices, strengthening operational metrics, and enhancing resource allocation positions the division to further its mission to prevent fraud, promote compliance, monitor risk, and inform policy on behalf of investors.”
Cassidy added that his priorities as director "will be to continue refining the processes that strengthen intra‑Commission coordination and ensure alignment across the national examinations program."
While acting director, Cassidy developed an exam projection model to improve risk‑based resource allocation and adopted a metric-based operational effectiveness framework.
Cassidy joined the division in 2017 to lead the Technology Controls Program, where he oversaw technology‑focused examinations as well as the SEC’s CyberWatch Program and the Cybersecurity Program Office.
He previously served as director of the SEC’s Office of Legislative and Intergovernmental Affairs.
Before joining the SEC staff in 2010, Cassidy was chief of staff and counsel in the Department of Justice’s Office of Legislative Affairs and an attorney in the U.S. Senate.
Credit: Diego M. Radzinschi/ALM
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