Daniel Kahl, deputy director of the examinations division at the Securities and Exchange Commission, will be appointed acting director of the division when Peter B. Driscoll, the current division director, leaves the agency on Aug. 14.
Driscoll has led the division and its predecessor, the Office of Compliance Inspections and Examinations, since January 2017. He previously served as the division's first chief risk and strategy officer and as the division's managing executive. Driscoll joined the SEC as a summer legal intern in Chicago in 2000 and rejoined in 2001 as a staff attorney, later holding several leadership posts.
Kahl joined the SEC in 2001 and has served as a deputy director since 2018 and as the examination division's chief counsel since 2016.
Earlier, Kahl was an attorney at the Investment Adviser Association, the Financial Industry Regulatory Authority Inc., and the North American Securities Administrators Association.
[More: All’s quiet on the Reg BI front]
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
