WASHINGTON (Reuters) - The director of the U.S. Securities and Exchange Commission's investment management division will retire in July, the agency said on Friday.
Eileen Rominger, a former top official at Goldman Sachs Asset Management, leaves the division that regulates the multi-trillion dollar asset management industry.
Rominger's departure comes amid several controversial and unresolved policy battles in areas she helped oversee, such as whether the SEC should establish new rules for money market mutual funds, and whether mutual funds should be required to register with the Commodity Futures Trading Commission.
For Rominger, "it's been a very hard tenure with a lot of contentious rulemaking," said Barry Barbash, a former SEC official who is now an attorney at the Washington law firm of Willkie Farr & Gallagher.
Coming into the job when Rominger did, at the start of 2011, "I'm not sure that anyone would have realized the contentiousness that would
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