PHOENIXVILLE, Pa., Oct. 17, 2006 (PRIMEZONE) -- SEC Compliance Consultants, Inc. (SEC3) is proud to announce that it has hired Victoria G. Hogan, CFA, a former Examiner and Staff Accountant at the Securities and Exchange Commission (SEC). Ms. Hogan joins the firm as a Senior Compliance Consultant.
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This latest hiring will continue to position SEC3 as a leader in providing compliance consulting services to the investment management community.
Ms. Hogan will help investment advisers and investment management companies design and review their compliance programs. She will also provide guidance with risk management issues, perform simulated regulatory examinations and assist clients with customized reviews, updates and analysis of compliance-related activities.
Ms. Hogan witnessed firsthand the regulatory and enforcement side of the industry during her tenure at the SEC. Prior to joining SEC3, she spent more than six years in the SEC's Northeast Regional office. She joined the Commission as a compliance examiner through the Outstanding Scholar Program and was then promoted to Staff Accountant. In this capacity, Ms. Hogan led exam teams in conducting routine and cause examinations of various types of investment advisers including mutual fund advisers, dually-registered advisers and hedge fund advisers.
In addition to handling routine and esoteric regulatory issues on exams, Ms. Hogan formulated and prescribed corrective and disciplinary recommendations to SEC staff, including referring examinations to the SEC's branches of enforcement and recovering misappropriated assets for clients. She also participated extensively in a number of matters handled within the Division of Enforcement.
"Complying with the evolving and expansive securities laws can not only be challenging but often overwhelming for a firm. As an SEC examiner, I saw firms struggle to comply with the requirements of these laws," says Ms. Hogan. "I look forward to using the knowledge I cultivated as an SEC examiner to help SEC3's clients better understand these requirements and develop effective solutions to comply with the laws."
Ms. Hogan says she believes SEC3's proactive approach and customized compliance solutions set the firm apart from its competitors. "The SEC3 team possesses a set of values and work ethic similar to my own. The consultants at SEC3 share ideas about the changing regulatory landscape and develop innovative solutions for assisting registered entities with their compliance efforts."
"The addition of Victoria to the SEC3 team will allow us to provide expanded services to the investment company market in 2007. One example of this would be our focus on providing guidance to clients by providing risk assessment services and guidance in the area of forensic testing," says Janaya Moscony, CFA, founder and president of SEC3. "Victoria has the hands-on knowledge and perspective of the compliance landscape that only a professional with tenure at the SEC can provide and we enthusiastically welcome her arrival at SEC3."
"We want Chief Compliance Officers at investment management firms to know that they have a third-party ally who can provide a fresh perspective with regard to their compliance policies and procedures," says Moscony. "Rule 38a-1, in fact, requires that CCOs perform this review on an annual basis but we recognize that this can be a daunting task. SEC3, in effect, serves as a second set of eyes and helping hands, which can be of tremendous value to the increasingly burdened CCO."
Before beginning her regulatory career, Ms. Hogan previously served as an Assistant Project Manager at Information Resources, Inc. She received the Chartered Financial Analyst ("CFA") designation in 2004. Ms. Hogan graduated magna cum laude from The College of New Jersey in 1999 with a B.A. in Business Administration and minor in Spanish.
About SEC3
SEC3, founded in 2003, provides regulatory and compliance services to a range of financial entities including investment managers, investment companies (registered and unregistered), mutual fund boards of directors, broker-dealers, transfer agents and banks. SEC3 services clients globally, but focuses mainly on U.S. SEC-registered companies. Please visit us at www.seccc.com
