SEC recruits former PwC man as investigations head

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
risk management.

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.

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