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The SEC Speaks in 2017

 
Author(s): Marc Wyatt, David W. Grim
Practice Area: Corporate & Securities
Published: Feb 2017
PLI Item #: 186008
CHB Spine #: B2303

David Grim is Director of the Securities and Exchange Commission’s Division of Investment Management. ‎ The Division supports the Commission’s mission of protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation through oversight of the nation's multi-trillion dollar asset management industry.

Mr. Grim has spent his entire career at the SEC. He joined the Division in 1995 as a Staff Attorney in the Office of Investment Company Regulation.  In 1998, he moved to the Division's Office of Chief Counsel, where he held a variety of positions, including being named Assistant Chief Counsel in 2007.  Mr. Grim was appointed as Deputy Director of the Division in January 2013. He was named Acting Director and then Director of the Division in 2015. He is responsible for developing 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.

Before entering his career in public service, Mr. Grim graduated cum laude with a degree in political science from Duke University and received his law degree from George Washington University, where he was managing editor of the George Washington Journal of International Law and Economics.


Marc Wyatt was named Director of the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) and its National Exam Program in November 2015. Marc joined the SEC in 2012 as a senior specialized examiner, focusing on hedge funds and private equity, and was the national co-chair of OCIE’s Private Fund Specialized Working Group.  Marc participated in the creation of the Private Fund Examination Unit in OCIE and served as co-head.  In October 2014, he was named OCIE’s Deputy Director, leading the office’s Technology Controls Program.  Marc began serving as OCIE’s Acting Director in April 2015 before being named the Director.

Before coming to the SEC, Marc was a principal and senior portfolio manager of a global multi-strategy hedge fund.  Prior to that, he was a senior investment banker in the U.S. and U.K. 

Marc is a Chartered Financial Analyst and holds a B.S. in economics from the University of Delaware and M.B.A. from Duke University’s Fuqua School of Business.