SEC Taps Ex-Fund GC To Lead Money Market Reform Push

Law360, New York (July 5, 2012, 6:29 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday tapped a former hedge fund executive to head its Division of Investment Management, the unit responsible for the agency's contentious efforts to reform the $2.6 trillion money market industry.

Norm Champ, a former general counsel at hedge fund Chilton Investment Co., will take over the division for retiring director Eileen Rominger on Monday, according to the SEC. Champ joined the SEC in 2010 and most recently served as deputy director of the agency's Office of Compliance Inspections and...
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