Jane JarchoSenior Adviser, Asset Management at Promontory
Jane joined Promontory in December 2018 as a special adviser to the asset management group. Jane spent 28 years at the Securities and Exchange Commission and has extensive experience in both the Examinations and Enforcement programs. Prior to leaving the SEC, Jane was the Deputy Director of the Office of Compliance Inspections and Examinations (OCIE) as well as the head of the National Investment Adviser/Investment Company (IA/IC) exam program. In that capacity, she was responsible for starting and supervising the Private Funds group which conducts examinations of hedge fund advisers and private equity firms. Jane was also responsible for setting OCIE national priorities for IAs, ICs, and Private Funds, as well as working with other senior OCIE staff to set Broker-Dealer and Exchange, Clearing and Settlement, and FINRA and Securities Industry Oversight priorities. Jane was instrumental to bringing significant efficiencies to the examination process and moving to risk-based examinations.
Jane led numerous national examination initiatives including in the following areas: Cybersecurity, ETFs and mutual funds, money market funds, share class selection exams, robo advisers, target date funds, wrap fees, supervision of IARs with disciplinary history, new and never-before-examined IA Registrants, alternative mutual funds, high yield funds, internet advisers, proxy voting, securities lending, 12b-1 fees, multi-branch advisers, variable insurance products, disclosure of cost of investing, and senior investors and retirement accounts and products. She also moved to increase the number of OCIE Risk Alerts published to inform the industry about high risk areas OCIE would be focused on and the results of those examinations.
Prior to joining OCIE, Jane had a distinguished 18-year career in the SEC’s Division of Enforcement. She began her career in the Enforcement Division in the Chicago Regional Office in 1990 and held several positions, including Assistant Regional Director and Trial Counsel. She was involved in the original internet focused enforcement unit as well as in the market timing and late trading investigations. Jane’s enforcement work covered a breadth of areas, including complex financial frauds, insider trading, offering frauds, market manipulation, broker-dealer supervision, and investment adviser and investment company violations.