SEC names top NY investigator

On Tuesday the Securities and Exchange Commission (SEC) appointed Ken Joseph to lead the Investment Adviser/Investment Company Examination Program in the agency’s New York regional office.

The office is part of the SEC’s National Examination Program which is overseen by the organisation’s Office of Compliance Inspections and Examinations (OCIE).

Joseph moved to his new position from the SEC’s Enforcement Division, where he was assistant director of the Asset Management Unit, playing a leading role in investigating cases involving hedge funds and private equity firms. 

In his new role Joseph will manage approximately 100 accountants, examiners, attorneys, and support staff to examine investment companies and investment advisers in New York and New Jersey. US private equity firms were made to register as investment advisors under the provisions of the Dodd-Frank Act. 

The OCIE’s investment advisor examination program utilises “a risk-based process, identifying higher-risk investment advisers for examination consideration and focusing examination  resources on certain higher-risk activities at selected investment advisers”, according to the SEC.