Rove the Regulator

Paul Roye '75 was recently named director of the U.S. Securities and Exchange Commission's Division of Investment Management. That makes him the nation's top mutual-fund regulator.

And that's good news for investors. A lawyer who began his career at the U.S. Securities and Exchange Commission, then worked for 16 years at the Washington law firm of Dechert Price & Rhoads, Roye has pledged to strengthen disclosure rules at the SEC. "The commission, "says Roy, "has embarked on a number of initiatives to improve disclosure, sharpen the focus on risk, on fees and exposures. We will look to sharpen refinements in those areas." His overarching goal: "to protect investors."