The two key “restructuring” components of what the SEC likes to call the Enforcement Division’s “most significant reorganization since its establishment in 1972″ are (1) the elimination of the branch chief position and (2) the creation of five specialized units within the division.
Much has been written here and elsewhere about the merits and potential impact of this restructuring, but at least one group has turned out to be a consistent naysayer on its significance: the union representing SEC employees. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
