US SEC taps new interim inspector general to replace Kotz
Here you can find all the latest breaking forex and currency news about US SEC taps new interim inspector general to replace Kotz including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.
By Sarah N. Lynch
WASHINGTON, DC, Jan 27 (Reuters) - The U.S. Securities and Exchange Commission has appointed Deputy Inspector General Noelle Maloney as interim inspector general to temporarily replace David Kotz, who is leaving the SEC for a job with a private investigative firm.
Maloney will head the inspector general's office while the agency searches for a replacement, the SEC said.
Kotz, 45, developed a reputation as a tough internal watchdog during his four-year tenure at the SEC. He probed everything from the agency's failure to catch convicted Ponzi swindler Bernard Madoff to bungled SEC contracts and even pornography-watching by agency employees.
But the hard-hitting lawyer has also drawn criticism from SEC staff who have complained his tactics have led to a culture of fear at the agency.
Kotz's last day in the office was Friday.
Under new provisions in the Dodd-Frank Act, the inspector general is supposed to report to all five SEC commissioners, a change from prior years when the inspector general reported directly only to the chairman.
The SEC said it plans to launch a search for Kotz's replacement that will involve all of the commissioners in the hiring process.
Like Kotz, Maloney once worked for the Peace Corps. She joined the SEC in January 2005, working in the general counsel's office.
In July 2008, she became the deputy inspector general. In that role, she has helped to oversee both audits and investigations, as well as various administrative functions of the office.
She holds a bachelor's from the College of New Jersey and a law degree from Rutgers School of Law-Camden.
(Reporting By Sarah N. Lynch; Editing by Gary Hill) Keywords: SEC/INSPECTOR GENERAL
(sarah.n.lynch@thomsonreuters.com)(202-354-5831)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The article above is about breaking forex and currency news regarding US SEC taps new interim inspector general to replace Kotz, if you have any question about it. Please contact us by using the link below. Thanks for your patience.
- Lynas faces claim against Malaysia rare earths plant license
- Japan in final talks to cut Iran oil imports by over 20 pct -media
- UPDATE 2-Air Canada mechanics, baggage handlers reject labor deal
- S&P Asgns Rtgs To Eastman Kodak DIP Facility
- RBA's Ellis: Australia cenbank does not target house prices
- S&P Assigns Semtech Corp. 'BB' Rating; Outlook Stable
- NYMEX-U.S. crude up 5th day, recovers late on Iran
- UPDATE 1-Prevnar trial results needed for CDC recommendation
- CANADA STOCKS-TSX rallies to 5-month high on gold, U.S. data
- BRIEF-Moody's affirms Fortum's A2 ratings
- Coking unit also shut by BP refinery fire in Washington-filing
- Japan, UK finmins call for less IMF reliance-FT
- UPDATE 1-U.S. Congress members receive threatening letters
- Australian PM looks set to call leadership vote
- REFILE-UPDATE 2-US judge strikes down law mandating sale of contraception
- Tesoro restarting Washington refinery unit
- NRC proposes first post-Fukushima safety orders
- TEXT-S&P on Citigroup Global Markets 2012-1
- UPDATE 1-US Treasury says Europe needs solid debt firewall
- CANADA STOCKS-TSX rallies to 5-month high on gold, U.S. data
- BRIEF-Moody's comments on Exelon's rating review
- U.S. Congress members receive threatening letters
- BRIEF-Duke Energy and Progress Energy file market power mitigation plan
- TEXT-Fitch: Progress Florida agreement has no immediate impact on ratings
- Monoprix 'taken hostage' after buyout talks stall
- US crude adds to losses, Brent pares gains on APIs
- Total to pay $15 mln to settle US false claims case
- Algeria, Libya set aside row to tackle security
- BRIEF-Interface says to redeem $11.5 mln of notes earlier than due
- Aussie & NZ dlrs run out of steam as risk demand recedes