SEC Investment Management Director to Leave; No Successor Named
The director of the Securities and Exchange Commission’s Division of Investment Management, Natasha Vij Greiner, is leaving the agency, as SEC Chair Paul Atkins seeks to refocus the agency.
The SEC has not yet named a successor for Greiner, whose exit is effective July 4, leaving the investment management division’s priorities unclear, said Igor Rozenblit, a managing partner at Iron Road Partners.
As director of this division, Greiner has been responsible for administering the Investment Company Act of 1940 and the Investment Advisor Act of 1940, which oversees investment vehicles, companies and advisers, according to a press release from the SEC.
The reduced headcount adds to the uncertainty over the agency’s priorities, said Cynthia Kelly, managing director of compliance at STP Investment Services, in an email to FundFire.
“Hundreds of staff have taken voluntary buyouts or are exiting under cost-cutting pressures, raising concerns about institutional knowledge loss,” she said.
Read more on what Cynthia and other subject matter experts had to say here.
