A former PwC partner has swapped life at a firm to take on a senior role at
the Securities and Exchange Commission.
Carlo V di Florio takes up the position of director for the agency’s office
of compliance inspection and examinations – the same unit which
under criticism for failing to prevent Bernard Madoff’s Ponzi
Di Florio will be responsible for nationwide examination programs for
investment advisers, broker-dealers and credit rating agencies, among others.
He was most recently a partner in the finance services regulatory practice at
PwC and one of the firms leaders in corporate governance, ethics and enterprise
SEC chairman Mary Schapiro said: “A strong inspections and examinations unit
is instrumental to the SEC’s investor protection efforts.”
“Investors rely on our examiners to ensure that their financial professionals
comply with the law,” she added.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton