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Investment Management Director David Grim to Leave SEC

Scuttlebutt | August 7, 2017

David Grim, director of the Division of Investment Management at the Securities and Exchange Commission, will leave the agency in September after more than 20 years of public service. 

Grim, who joined the Division directly from law school and rose to become its leader, has left a legacy of regulatory policy reforms and legal guidance that have shaped the Division and the industry it regulates, the SEC stated. The Division oversees the $70 trillion dollar asset management industry, which includes mutual funds; exchange-traded funds; closed-end funds; variable insurance products; business development companies and investment advisers.

As Director, Grim led the Division’s policy-development; legal-interpretation; data-analysis and disclosure-review functions. Key initiatives advanced under his leadership as Director included:

  • Commission adoption of a modernized, comprehensive data-reporting regime...
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