SEC Struggles to Stem Staff Losses as Disclosure Workload Grows

A Bloomberg Law review of Securities and Exchange Commission documents shows the agency unit in charge of corporate reporting has lost nearly a fourth of its staff since 2017 and, with replacements, its workforce has still been unable to catch up in that timespan.

The staff deficit in the Division of Corporation Finance has led Gensler to ask Congress for reinforcements. But the division still must contend with additional corporate filings to review from initial public offerings and special purpose acquisition companies, and upcoming rules that would require enhanced company disclosures on greenhouse gas emissions, cyber breaches and workforce metrics, among other things.

Source: SEC Struggles to Stem Staff Losses as Disclosure Workload Grows