The Securities and Exchange Commission has named Susan Ferris Wyderko acting director of the division of investment management. Wyderko, a 20-year SEC veteran who most recently worked as the SEC's director of the office of investor education and assistance, replaces Paul Roye, who resigned in early 2005. Meyer Eisenberg served as acting director until last month, when he left to accept a position as visiting professor of law at Willamette University College of Law.
"Susan's dedication to the interests of individual investors is unmatched, which is especially vital considering more than half of American households own mutual funds," said SEC Chairman Christopher Cox.
Wyderko will fill one of the three vacant major management posts at the SEC. The SEC has four major divisions. Besides Roye, who left for the private sector, Alan Beller, director of the corporate finance division, announced earlier this month that he, too, will leave. Annette Nazareth, former director of the market regulation, became an SEC commissioner last summer, leaving her post open. Linda Thomsen leads the enforcement division.
Geraldine Walsh, Wyderko's former deputy, will run the office of investor education and assistance in Wyderko's absence.
(c) 2006 Money Management Executive and SourceMedia, Inc. All Rights Reserved.