A 17-year veteran of the U.S. Securities and Exchange Commission was named Tuesday to be a deputy director of the commission’s Office of Compliance Inspections and Examinations.
The OCIE conducts the SEC’s National Exam Program, which has the goal of protecting investors, ensuring market integrity and supporting responsible capital formation through risk-focused strategies, through examinations and inspections of SEC-registered investment advisers, investment companies, broker-dealers and self-regulatory organizations, according to the SEC’s website.
As deputy director, Daniel Kahl, who has been OCIE’s Chief Counsel since Feb. 2016, will continue to serve in his role as chief counsel. He will be based in Washington, D.C., and work with Deputy Director Kristin Snyder to oversee the OCIE’s strategic initiatives and advise the OCIE’s leadership on legal, strategic and policy matters that impact the agency’s National Exam Program.
Kahl said in a statement, “I’m excited to take on this additional role and continue to work with Pete, Kristin, and the entire nationwide OCIE team as we execute on our shared mission to protect Main Street and other investors through promoting compliance and monitoring risk at SEC-registered firms.”
SEC Chairman Jay Clayton said in a statement of Kahl, “I’m glad that he will continue to serve our investors and our markets in his expanded role at OCIE.”
OCIE director Peter Driscoll said: “Dan is a talented leader with sound judgment and extensive expertise in regulatory and policy matters affecting the Commission and OCIE,” also in a statement.
Kahl joined the SEC in 2001. Before working for the SEC, he was an attorney at the Investment Adviser Association, Financial Industry Regulatory Authority and the North American Securities Administrators Association. Kahl earned a J.D. from Southern Methodist University, and an LL.M. from Georgetown University Law Center.