The Securities and Exchange Commission today announced that Nichola L. Timmons has been named Chief of the newly-formed Office of Bankruptcy, Collections, Distributions, and Receiverships in the Division of Enforcement.
This new office will centralize existing functions to continue to achieve efficiencies and maximize results for investors. Among other things, the office will oversee the process through which the SEC collects outstanding monetary judgments, both in district court and bankruptcy proceedings, and returns money to harmed investors through distributions and the work of court-appointed receivers. As Chief of the office, Ms. Timmons will oversee the bankruptcy, collection, distribution, and receivership functions and the staff currently dedicated to those functions.
