The Office of Compliance Inspections and Examinations (OCIE)

The year 2009 had been tough, with OCIE awaiting permanent leadership and some legislators eager to dismantle the entire program. January 2010 was cold and snowy in Washington, but it brought better weather for OCIE as PricewaterhouseCoopers partner Carlo di Florio arrived to take over the examination program. One industry insider took this as a sign that “OCIE is not going anywhere.”⁽⁵⁰⁾

During the next decade, four strong leaders reconfigured OCIE into a truly national exam program. Di Florio was a corporate governance and enterprise risk management expert with an expansive view of compliance. Drew Bowden was another veteran of the private sector with particular expertise in IA/IC regulation. Marc Wyatt, who joined the SEC as a Senior Specialized Examiner in 2012, was well-suited to taking on OCIE’s newest challenge, private funds. Pete Driscoll started at the SEC as a summer intern and worked his way up, first in Chicago and then in Washington. The only career regulator of the group, Driscoll envisioned a new status for OCIE within the Commission and in 2020 realized that vision.