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]
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
