SEC recruits former PwC man as investigations head
The SEC has appointed Carlo V di Florio to head up its compliance, inspection and examinations unit
A former PwC partner has swapped life at a firm to take on a senior role at
the Securities and Exchange Commission.
Carlo V di Florio takes up the position of director for the agency’s office
of compliance inspection and examinations – the same unit which
came
under criticism for failing to prevent Bernard Madoff’s Ponzi
scheme.
Di Florio will be responsible for nationwide examination programs for
investment advisers, broker-dealers and credit rating agencies, among others.
He was most recently a partner in the finance services regulatory practice at
PwC and one of the firms leaders in corporate governance, ethics and enterprise
risk management.
SEC chairman Mary Schapiro said: “A strong inspections and examinations unit
is instrumental to the SEC’s investor protection efforts.”
“Investors rely on our examiners to ensure that their financial professionals
comply with the law,” she added.
Further reading:
Profession
awarded New Year’s Honours gongs
