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U.S. Securities and Exchange Commission

Askari Foy Named Associate Regional Director for Examinations in SEC Atlanta Regional Office


Washington, D.C., Jan. 27, 2011 — The Securities and Exchange Commission today announced the promotion of Askari Foy to Associate Regional Director for Examinations in the agency's Atlanta Regional Office.

Mr. Foy joined the SEC as a Branch Chief in the Atlanta office's examination program in 2004. He has served as an Assistant Regional Director for the past three years. In his new position, Mr. Foy will direct a staff of approximately 40 accountants, examiners, attorneys and support staff responsible for the examination of broker-dealers, investment companies, investment advisers, and transfer agents across five southeastern states (Alabama, Georgia, North Carolina, South Carolina, and Tennessee).

Mr. Foy will immediately assume his new post. He replaces Jim Carley, who left the agency last year.

"Askari Foy brings to our examination program 17 years of audit, compliance, and securities operations experience with focus in the investment management and broker-dealer industries. He also brings a diverse leadership background from the private sector and within the SEC," said Rhea Dignam, Director of the SEC's Atlanta Regional Office. "He is ideally suited to build on the great work of his predecessor, and also brings his own vision to the examination program. I believe Askari will be an outstanding addition to the leadership team in our Atlanta office."

Carlo di Florio, Director of the SEC's Office of Compliance Inspections and Examinations, added, "Askari brings terrific knowledge of the industry and proven leadership skills to the job of overseeing compliance examinations of SEC registrants in an important period of transition for our national exam program. He has been a significant contributor to the transformation process."
Mr. Foy said, "It is a distinct honor to have the opportunity to be part of the national exam leadership team and serve the public, protect investors, and help ensure market integrity. I am excited to continue working in a broadened capacity with the talented and diverse professionals in the Atlanta office and throughout the SEC. I hope to continue team collaboration at the Atlanta office and provide leadership to support the SEC's mission to protect investors during this period of significant change."

Prior to his employment with the SEC, Mr. Foy was employed with PricewaterhouseCoopers in New York and Atlanta as an Audit Manager in the Investment Management/Broker Dealer Audit Group. He conducted and led audits of broker-dealers, transfer agents, registered and unregistered funds and their advisers. Mr. Foy also was an Audit Manager at Credit Suisse Asset Management in New York.

Mr. Foy holds a B.S. degree in accounting and is a certified public accountant in the state of Georgia and certified fraud examiner.

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Modified: 01/27/2011