The Securities and Exchange Commission's plan to outsource examinations to third parties would be costly to firms and their clients, according to Norm Champ, former director of the SEC's Division of Investment Management. "Before the SEC forces investment management firms to hire third-party examiners with all of the unintended consequences that will follow, it should reallocate its own resources and improve its productivity," he said in an op-ed. Read the original piece in The Wall Street Journal.