Former OCIE Director Carlo di Florio Discusses the SEC’s National Exam Program, Technology and CCOs (Part Two of Two)

After nearly a decade at the SEC and FINRA, Carlo di Florio has joined ACA Compliance Group (ACA). In his new role at ACA as a partner and global chief services officer, di Florio will marshal his regulatory experience in fulfilling his responsibilities that include oversight, management and strategic growth of ACA’s global regulatory compliance; cybersecurity and risk; anti-money laundering and financial crimes; and performance practices. The Hedge Fund Law Report recently spoke to di Florio in connection with his new position. This second article in our two‑part series discusses his time at the SEC’s Office of Compliance Inspections and Examinations (OCIE) reviewing and redesigning the National Exam Program; the impact of technology and data analytics on that program; the benefits of regulatory transparency; and the challenges faced by chief compliance officers. The first article covered his move to the private sector; his experience at the SEC and FINRA; and the relationship between OCIE and the Division of Enforcement. For insights from another SEC veteran, see our two‑part interview with former OCIE Deputy Director Jane Jarcho: “The Relationship Between OCIE and Enforcement” (Mar. 28, 2019); and “OCIE’s National Exam Program and Annual Priorities” (Apr. 4, 2019).

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