Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – After nearly seven years at the helm, Paul Roye, director of the SEC’s Division of Investment Management, announced on Feb. 18 that he intends to leave the Commission in the coming weeks. Roye said he plans to pursue opportunities in the private sector. Roye became the director of the Division in 1998. He was at the forefront of the development of regulatory policy for investment advisers and investment companies, including mutual funds, exchange traded funds, closed-end funds, business development companies, unit investment trusts and variable insurance products. SEC Chairman Willam Donaldson said “nearly a year ago, Paul informed me that he was considering leaving the Commission. At that time, I asked him to stay in order to assist the Commission with its mutual fund reform agenda. Paul, a consummate professional with a deep sense of commitment to serving America’s investors, agreed to stay and provided invaluable guidance and input as we developed a strengthened mutual fund regulatory regime.” Roye’s tenure featured a number of major SEC initiatives in the Investment Management area, including strengthening the corporate governance regime for mutual funds; improving disclosure of fund fees and expenses, conflicts, portfolio holdings, after-tax performance, proxy voting policies and portfolio manager information. “I will miss my talented and dedicated colleagues in the Division of Investment Management as well as others throughout the Commission who, particularly during the challenges of recent months, have given their all to serve and protect America’s investors,” Roye said. [email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.