SEC’s Boston office names OCIE deputy

The commission appointed Kevin Kelcourse to second-in-command of the National Exam Program at its New England office.

The US Securities and Exchange Commission (SEC) named Kevin Kelcourse as the associate director for the Office of Compliance Inspections and Examinations (OCIE) in Boston.  Kelcourse will oversee the SEC’s exam program in Connecticut, Maine, Massachusetts, New Hampshire, Vermont and Rhode Island with a staff of approximately 65 examiners, accountants and attorneys.

“Kevin has an outstanding reputation for bringing out the best in others and getting results,” said OCIE director Andrew Bowden in a statement.  “We are thrilled to have him join the National Examination Program.”

Kelcourse has spent 15 years in the SEC’s Boston office, most recently serving as an assistant regional director and an assistant director in the Enforcement Division’s Asset Management Unit. He has worked with the exam program since 2011, serving on the office’s joint Enforcement Examination Referral Committee. Kelcourse started at the SEC as a senior counsel in the Enforcement Division in 1999 and later served as a branch chief. 

Appointing an associate director with a background in the Enforcement Division speaks to the SEC’s objective to increase collaboration between the Enforcement Division and the OCIE. Members of the enforcement team are working more closely with examiners, occasionally accompanying them to inspections in order to better understand the process, sources have told pfm.

Throughout his career, Kelcourse has played a significant role in numerous SEC enforcement actions, including cases in 2013 against former Jefferies bond trader Jesse Litvak for defrauding investors in mortgage-backed securities and against Institutional Shareholder Services for failing to safeguard confidential information about its clients’ voting in proxy contests.