SEC Names David Grim as Acting Director of the Division of Investment Management

On February 3, 2015, the SEC announced that David Grim has been named as Acting Director of the Division of Investment Management.  For insight from Grim, see “Top SEC Officials Discuss Hedge Fund Compliance, Examination and Enforcement Priorities at 2014 Compliance Outreach Program National Seminar (Part Two of Three),” Hedge Fund Law Report, Vol. 7, No. 8 (Feb. 28, 2014).  He replaces Norm Champ, the division’s former director, who left the SEC at the end of January.  See “SEC Investment Management Division Director Norm Champ Identifies the Top 10 Regulatory and Enforcement Lessons Learned during 2014,” Hedge Fund Law Report, Vol. 8, No. 4 (Jan. 29, 2015); and “Trading Practices Session at SEC’s Compliance Outreach Program National Seminar Addresses Need for Holistic Compliance Procedures Dealing with Allocations, Best Execution and Cross Trades,” Hedge Fund Law Report, Vol. 5, No. 8 (Feb. 23, 2012).

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