• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2009 / January / 28 / Sen. Schumer: Move SEC’s OCIE to New York

Sen. Schumer: Move SEC’s OCIE to New York

By Securities Docket on January 28, 2009, 7:29 am

As I noted here in my running account of the Senate Banking Committee hearing in the Madoff case, Sen. Chuck Schumer made a brief comment yesterday about physically moving the staff of the SEC’s Office of Compliance, Inspections and Examinations from Washington, DC to New York that is worth keeping an eye on.

As further discussed today in the NY Post, Sen. Schumer, who represents New York, said that OCIE should be moved to New York because “it makes no sense to have cops who are patrolling their beat from hundreds of miles away.”  He added that “at the same time, moving these functions to New York will improve the SEC’s ability to hire top professionals with the skills and experience to detect complex financial frauds” and that the SEC needs more “professionals in place who understand how markets work.”

Read the NY Post article

Blog Widget by LinkWithin

Posted in SEC | Tagged OCIE, US Congress

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.