Lori Richards

Former Director, Securities and Exchange Commission; Principal PwC; Chief Compliance Officer JPMorgan

Lori Richards is a career professional in securities regulation and compliance, with more than three decades of experience as a regulator with the Securities and Exchange Commission (SEC), and then in the private sector with PricewaterhouseCoopers (PwC), and JPMorgan. In these roles, she improved industry compliance in tangible and significant ways.

She began her career as a regulator with the SEC, where she served for 24 years. In early years, she was an attorney in the Division of Enforcement in Los Angeles, investigating and prosecuting securities fraud cases. She went on to manage the SEC’s west coast Enforcement program as Associate Regional Director. Next, she served as Chief of Staff to SEC Chairman Arthur Levitt in Washington, DC. Then, she was appointed as the first Director of the SEC's Office of Compliance Inspections and Examinations (OCIE). During 14 years at the helm of OCIE, she led the SEC’s nationwide examination oversight program for advisers, mutual funds, hedge funds, broker-dealers, stock exchanges, and other industry firms. She contributed to significant improvements in compliance by all types of firms, and introduced many new reforms for the protection of investors.

Following her time at the SEC, she transitioned to the private sector, joining PwC as a Principal, and co-leader of its Asset Management Regulatory group. She assisted a broad range of financial services clients in designing and implementing risk management and compliance programs, and preparing for new regulatory expectations.

In November 2013, Richards joined JPMorgan Chase & Co. as its first Chief Compliance Officer of the Asset and Wealth Management global lines of business. In this capacity, she led its global compliance program, advised business leaders on compliance issues, oversaw risk assessment, monitoring, testing and training, and maintained relationships with regulators. Concurrently, she served as Conflicts of Interest Officer for the firm, and helped implement a protocol for the identification and resolution of conflicts of interest across the company.

Richards then served on FINRA’s appellate body, the National Adjudicatory Council, as a member, Vice-Chair and Chair. She now serves on the boards of several non-profit and private companies, and is active in public policy and community initiatives.

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