office of Compliance Inspections and Examinations

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  SEC Names Calamari Head of New York Regional Office

  By Melanie Waddell, AdvisorOne  |  October 19, 2012

  The office has responsibility for more than 4,000 investment banks, investment advisors, broker-dealers, mutual funds and hedge funds.

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  Hedge Fund Managers Charged With Ripping Off Investors, Including a Retired Teacher

  By Melanie Waddell, AdvisorOne  |  October 3, 2012

  The SEC charged one manager with stealing more than $500,000 from a retired schoolteacher who thought she was investing her retirement savings in a hedge fund.

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  Protecting Confidential Data: What BDs Do Right, Wrong

  By Melanie Waddell, AdvisorOne  |  September 28, 2012

  An SEC report describes strengths and weaknesses found in exams into how broker-dealers keep material nonpublic information from being misused.

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  Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play Violations

  By Melanie Waddell, AdvisorOne  |  September 27, 2012

  SEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.

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  SEC Names Bowden Deputy Director of Exam Division

  By Melanie Waddell, AdvisorOne  |  September 12, 2012

  The SEC announced Wednesday that Andrew J. Bowden has been named deputy director of the agency’s Office of Compliance Inspections and Examinations (OCIE).

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  SEC Issues Risk Alert on Pay-to-Play Practices

  By Melanie Waddell, AdvisorOne  |  August 31, 2012

  Just in time for election season, the SEC issued Friday an alert to strengthen compliance with an MSRB rule that limits political contributions by municipal securities professionals to campaigns of public officials.

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  SEC Names Drake as Chief Compliance and Ethics Officer for OCIE

  By Melanie Waddell, AdvisorOne  |  July 9, 2012

  OCIE director Carlo diFlorio says Paula Drake will help OCIE “with the continued advancement of the national examination program, including leading the critical legal function, developing our national examination policy manual, and overseeing our internal compliance team.”

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  SEC Names Butler to Head New Office of Credit Ratings

  By Melanie Waddell, AdvisorOne  |  June 15, 2012

  The SEC’s Office of Credit Ratings was created by the Dodd-Frank Act and is responsible for overseeing the nine registered Nationally Recognized Statistical Rating Organizations (NRSROs).

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  Exclusive: Biggest SEC Enforcement Effort Is Advisor Misconduct

  By Melanie Waddell, AdvisorOne  |  June 5, 2012

  In exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.

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  Why Bachus’ SRO Bill Misses the Target

  By Jack Herstein, NASAA  |  June 1, 2012

  Bachus’ SRO bill would impose rigid exam standards on state regulators without corresponding standards on either the SEC or SROs.