SEC’s Former IM Director Champ to Join Kirkland & Ellis

Since leaving the Commission, Champ has criticized the SEC's plan to require advisors to get third-party audits, stating such audits will be costly for advisors and their clients and could have unintended consequences.

Champ said that before moving ahead with a third-party exam rule, the SEC should instead "reallocate its own resources and improve its productivity," namely by shifting some of the 200 examiners devoted to broker-dealer exams to advisor exams.

Before joining the SEC in 2010, Champ was executive vice president and general counsel of Chilton Investment Co., an investment advisor to long/short equity hedge funds and managed accounts. He holds an A.B., summa cum laude, in history from Princeton University and a J.D., cum laude, from Harvard Law School. He was also a Fulbright scholar at King's College London, where he received his M.A. in war studies.

He is currently writing a book about his experiences at the SEC.