SEC veteran appointed new OCIE deputy director

Kristin Snyder has been appointed deputy director of the Security and Exchange Commission’s Office of Compliance Inspections and Examinations, replacing Jane Jarcho, who will retire at the end of August.

Snyder joined the SEC in 2003 and spent eight years as a branch chief and a senior counsel in the San Francisco office’s enforcement program. Since August 2016 she has been the co-national associate director of OCIE’s investment company/investment advisor examination program and the associate regional director for examinations in San Francisco since November 2011. She will continue in both of these roles while also taking on the OCIE deputy director role.

“Kristin is held in universally high regard by her colleagues throughout the Commission. I greatly appreciate her willingness to take on this additional, important role,” chairman Jay Clayton said.

The appointment comes two months after James Reese was named the new chief risk and strategy officer of OCIE and as a long-time veteran steps down.

Jarcho has served as OCIE’s deputy director since 2016, with responsibility for overseeing OCIE’s program areas, including Investment Adviser/Investment Company (IA/IC), Broker-Dealer and Exchange, FINRA and Securities Industry Oversight, and Clearance and Settlement. Under her leadership, the number of IA/IC examinations increased by more than 100 percent, the SEC said. Jarcho also led the creation of the Private Funds Unit and has been its supervisor since 2014.

Prior to joining OCIE in 2008, Jarcho served 18 years in the SEC’s Division of Enforcement, where she covered complex financial frauds, insider trading, offering frauds, market manipulation, broker-dealer supervision and investment advisor and investment company violations, the SEC said.

The SEC has requested a $1.6 billion budget for 2019 to help it restore positions lost since a hiring freeze and to add new positions.