• investment advisers
• investment companies
• broker-dealers
• self-regulatory organizations
• clearing agencies
• transfer agents

Recent Developments: The Last 2 Years

• adoption of a risk-focused examination program
• hiring of industry experts
• leveraging of technology to increase efficiency
• introdcution of a training program focused on quality and consistency
• increase in the number and quality of examinations and strengthened OCIE’s ability to promote compliance with U.S. securities laws, prevent fraud, monitor risk, and inform SEC policy

In his new role, Mr. Bowden will work with Mr. di Florio on OCIE’s strategy, governance structure, risk-based exam process, training programs, and technology.  In addition, he continues to co-chair OCIE’s People Committee, which focuses on training, teamwork, and other initiatives to maintain a high-performance culture.

Prior to joining the SEC, Mr. Bowden worked in private law practice, chiefly on legal, regulatory, and compliance issues involving broker-dealer activities.  During his 17 years at Legg Mason, he worked in legal, compliance, and senior business roles related to Legg Mason’s broker-dealer and investment management businesses.  Mr. Bowden received his law degree, cum laude, from the University of Pennsylvania Law School and his bachelor’s degree, summa cum laude, from Loyola University in Baltimore.

For further details, go to:  [SEC PR 12-187, 9/12/12].