The SEC has filed a report detailing the implementation of recommendations from an independent consultant to improve the SEC’s efficiency and effectiveness to Congress. Topics covered include: optimizing the SEC’s organizational structure, improving controls and efficiency, enhancing the SEC’s workforce, and strengthening the SEC’s capabilities.
The Dodd-Frank Act required the SEC to hire an independent consultant to conduct a broad and independent assessment of the SEC’s internal operations, structure, funding, and relationship with Self-Regulating Organizations (SROs). The findings of the independent consultant were released in March 2011, offering recommendations designed to increase the SEC’s efficiency and effectiveness. The SEC has since filed reports to Congress on the implementation of these recommendations, as require by Section 967(c) of the Dodd-Frank Act.
Read the report.