In the past week, the Securities and Exchange Commission has announced that: former Office of Compliance Inspections and Examinations (OCIE) Deputy Director Norm Champ has assumed new duties as Director of the SEC’s Division of Investment Management; former Assistant Director of the Enforcement Division’s Asset Management Unit, Ken C. Joseph, will lead the Investment Adviser/Investment Company Examination Program in the SEC’s New York Regional Office; and Paula Drake will take over next month as OCIE Chief Counsel and Chief Compliance and Ethics Officer.