SEC Sees Two More Directors Part Ways with Agency
- Marc Wyatt and Wenchi Hu are both leaving the SEC in February.
The US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission has seen two more departures today, its third senior level move this month, as the regulator’s upper ranks continue to undergo a change.
Wenchi Hu, the SEC’s Associate Director in the Division of Trading and Markets, and Marc Wyatt, Director of the Office of Compliance Inspections and Examinations, will both be parting ways with the regulator in early February, according to a regulatory filing.
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Ms. Hu has been the Head of the SEC’s Office of Clearance and Settlement Supervision since August 2015, having previously worked as its Associate Director. In this capacity she has helped oversee a number of key Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term agency initiatives.
She originally joined the SEC in 2011 as a Senior Special Counsel in the group’s Office of Compliance. This paved the way for a role as the Assistant Director in the SEC’s Office of Clearance and Settlement Supervision in 2013. Previous roles include a stint as the Managing Director and Senior Counsel at Rabobank.
Mr. Wyatt will also be parting ways with the regulator, having joined the group in 2012. He has worked as a Senior Specialized Examiner and he co-founded the Private Fund Unit within the Office of Compliance Inspections and Examinations.
He has previously served as the agency’s Director since 2015, as well as a Principal and Senior Portfolio Manager in the hedge fund space. The departure of Mr. Wyatt will see Pete Driscoll, the Office of Compliance Inspections and Examinations Chief Risk Officer, elevated to the role of acting director.
Earlier this month, the SEC also saw a key departure, with its Chief Operating Officer (COO) Jeffery Heslop also announcing his intention to leave the agency in February. Mr. Heslop will be succeeded by Kenneth Johnson, the SEC’s acting Chief Financial Officer.
The US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission has seen two more departures today, its third senior level move this month, as the regulator’s upper ranks continue to undergo a change.
Wenchi Hu, the SEC’s Associate Director in the Division of Trading and Markets, and Marc Wyatt, Director of the Office of Compliance Inspections and Examinations, will both be parting ways with the regulator in early February, according to a regulatory filing.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Ms. Hu has been the Head of the SEC’s Office of Clearance and Settlement Supervision since August 2015, having previously worked as its Associate Director. In this capacity she has helped oversee a number of key Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term agency initiatives.
She originally joined the SEC in 2011 as a Senior Special Counsel in the group’s Office of Compliance. This paved the way for a role as the Assistant Director in the SEC’s Office of Clearance and Settlement Supervision in 2013. Previous roles include a stint as the Managing Director and Senior Counsel at Rabobank.
Mr. Wyatt will also be parting ways with the regulator, having joined the group in 2012. He has worked as a Senior Specialized Examiner and he co-founded the Private Fund Unit within the Office of Compliance Inspections and Examinations.
He has previously served as the agency’s Director since 2015, as well as a Principal and Senior Portfolio Manager in the hedge fund space. The departure of Mr. Wyatt will see Pete Driscoll, the Office of Compliance Inspections and Examinations Chief Risk Officer, elevated to the role of acting director.
Earlier this month, the SEC also saw a key departure, with its Chief Operating Officer (COO) Jeffery Heslop also announcing his intention to leave the agency in February. Mr. Heslop will be succeeded by Kenneth Johnson, the SEC’s acting Chief Financial Officer.