SEC Names Rosalind R. Tyson Acting Director of L.A. Office

The Securities and Exchange Commission announced yesterday that Rosalind R. Tyson will become acting regional director of its office in Los Angeles following the forthcoming departure of Randall R. Lee, who is leaving for the private sector. In her new role, Tyson will oversee the commission’s enforcement and examination programs in Southern California, Arizona, Nevada, and Hawaii. Since 1993, she has served as associate regional director for examinations in the Los Angeles office, the SEC said in a release. In that capacity, she oversees the office’s examination program, which conducts inspections of broker-dealers, investment advisers, mutual funds, and transfer agents, as well as its bankruptcy program. “Roz has been a distinguished leader of our examination program for many years, and is familiar with all aspects of securities activities in the region,” said Lori Richards, director of the SEC’s Office of Compliance Inspections and Examinations, in the release. “Investors in the region are well-served by her considerable talents and experience.” The release did not indicate when Lee would depart the agency, and he was unavailable for comment yesterday. Lee, the first Asian-American to head an SEC regional office, oversaw the SEC’s muni enforcement case against San Diego, the first such investigation against a municipality over pension disclosure issues. The agency took enforcement action against the city last year for failing to disclose key information about its pension and retiree health care obligations in bond documents. Before joining the SEC in 1982, Tyson worked for several years in private practice, the release said. She graduated from Georgetown University’s School of Languages and Linguistics in 1970, received a master’s degree from the University of Hawaii in 1972, and received her legal degree from Stanford Law School in 1978.