As head of Compliance Inspections Carlo di Florio will oversee SEC investigations
The Securities and Exchange Commission (SEC) Chairman appointed Carlo di Florio the new director of Compliance Inspections and Examinations.
Di Florio joins the SEC from PricewaterhouseCoopers (PwC), where he was a partner in the Financial Services Regulatory Practice and one of PwC's national leaders in corporate governance, enterprise risk management and regulatory compliance and ethics.
As head of Compliance Inspections Di Florio will oversee the SEC’s examination of investment advisers, broker-dealers, mutual funds, credit rating agencies and self-regulatory organisations.
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. Carlo brings the energy, insight, and experience necessary to ensure that we keep pace with the rapid changes in the industry and continue to build upon the reforms of the past year.”
Mr. di Florio said, “I’m honored to join Chairman Schapiro, the Commissioners and the SEC staff during this critical time of financial regulatory reform. I’m excited to collaborate with an outstanding team of talented and dedicated professionals across the country as we work together to strengthen our examination strategy, structure, training programs, processes and systems, while also recruiting colleagues with valuable new skill sets, including trading strategies, risk management and quantitative analytics.”
At PwC, Di Florio played a role in high-profile investigations of corporate fraud, corruption, conflicts of interest and money laundering.