November 14 2016

Contact:

Herb Perone
202.507.7215
herb.perone@investmentadviser.org

IAA Statement on Announced Departure of SEC Chair Mary Jo White

Washington, DC (November 14, 2016) – Following is the statement of Karen Barr, President & CEO of the Investment Adviser Association, on SEC Chair Mary Jo White’s announcement that she will leave office on January 20, 2017.

“Mary Jo White has led the Commission through a critically important time for the financial services industry and for investors. She has focused the agency in an unprecedented fashion on the asset management industry, building a comprehensive agenda to enhance regulation and improve the SEC’s ability to monitor the industry through data and other measures. And during her tenure, oversight of the industry has been strengthened – with more data-driven, risk-based adviser examinations and a larger examination force devoted to adviser oversight. We thank Chair White for her hard work and dedication and wish her well in her future endeavors.”

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About Investment Adviser Association

The Investment Adviser Association (IAA) is the leading trade association representing the interests of SEC-registered investment adviser firms. The IAA’s more than 600 member firms collectively manage approximately $20 trillion in assets for a wide variety of institutional and individual investors. In addition to serving as the voice of the advisory profession on Capitol Hill and before the SEC, DOL, CFTC and other U.S. and international regulators, the IAA provides extensive compliance and educational services to its membership. For more information, visit www.investmentadviser.org or follow us on LinkedIn, Twitter, and YouTube.

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