Deputy Director of SEC’s Division of Investment Management to Step Down

August 2, 2012

Robert E. Plaze, the Deputy Director of the Division of Investment Management of the SEC, will resign on August 31, 2012.  He has been with the SEC since 1983.

Throughout his career, Mr. Plaze has been involved with key rules governing investment advisers, investment companies, and private fund advisers. He joined the SEC as an attorney in the Division of Investment Management.  His titles have included Special Counsel, Assistant Director, Associate Director for Regulatory Policy and Deputy Director.

Most recently, Mr. Plaze has been responsible for rulemaking for money market mutual funds and to implement a Dodd-Frank Act requirement for hedge fund and other private fund advisers to register with the SEC. He also played a critical role in rulemaking to improve mutual fund governance practices, to include fee tables in mutual fund prospectuses, to standardize the method of calculating mutual fund performance used in advertisements, to require mutual funds and investment advisers to adopt compliance programs, to require investment advisers to deliver a plain-English brochure to clients and to protect pension funds and other investors from “pay to play” practices.

Click here to access the press release.


Investment Advisers, Investment Companies, Regulatory