Paul F. Roye, director of the
Roye, who became the director of the division in 1998, worked alongside with SEC Chairman William Donaldson to implement the agency's recent reforms of the mutual fund industry. Among the many initiatives he spearheaded, some included requiring mutual funds and advisors to adopt comprehensive compliance policies and procedures, improving disclosure of fund fees, expenses and conflicts and applying Sarbanes-Oxley reforms to the mutual fund industry.
Roye's division came into the limelight when
Donaldson said Roye "provided invaluable guidance and input as we developed a strengthened mutual fund regulatory regime." Before becoming director of the division of investment management, Roye was a partner at the law firm