Marc Wyatt has been made the permanent director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations, which is responsible for examining financial advisors, the SEC announced Thursday.

The three-year SEC veteran had served as acting director since April, when he replaced Andrew “Drew” Bowden, who resigned.

The Investment Adviser Association praised the appointment, saying Wyatt furthered OCIE’s goal of increasing transparency.

Wyatt holds the Chartered Financial Analyst certificate.