A press release entitled, "SEC Names Sarah ten Siethoff Associate Director in the Division of Investment Management's Rulemaking Office" and sent out last week, tells us, "The Securities and Exchange Commission ... announced that Sarah G. ten Siethoff has been named the Associate Director for the Division of Investment Management's Rulemaking Office. As Associate Director, Ms. ten Siethoff will develop recommendations for rulemaking and other policy initiatives relating to funds and investment advisers under the federal securities laws. Ms. ten Siethoff has been a member of the Division of Investment Management in a variety of positions since 2008, serving most recently as Deputy Associate Director in the Rulemaking Office." SEC Director of the Division of Investment Management Dalia Blass comments, "Sarah is a talented leader who always approaches her work with the long term interests of investors in mind. Her intellectual curiosity and commitment to developing thoughtful policy recommendations for the benefit of Main Street investors has earned her the respect of her colleagues across the Commission. I look forward to Sarah's continued leadership and counsel in her new role." SEC Chairman Jay Clayton adds, "I have worked directly with Sarah and I agree with and fully endorse Dalia's assessment of Sarah's skills and the decision to promote her to this important role." Ms. ten Siethoff says, "I am honored to lead the Rulemaking Office and continue working with the talented staff in the Division of Investment Management and throughout the Commission to serve American investors and help develop a fair and efficient regulatory framework for funds and investment advisers."

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