‘Enforcement 40’ for 2020
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SEC Announces New Division of Risk, Strategy, and Financial Innovation
New division combines Office of Economic Analysis and the Office of Risk Assessment.
SEC’s Office of Risk Assessment Looks to Ramp Up With “Seasoned Financial Experts”
The SEC’s seemingly “on again, off again” risk assessment efforts are back in the spotlight, as the SEC announced today that it is embarking on a new effort to attract industry professionals to the Office of Risk Assessment. The SEC announced a new “Industry and Markets Fellows Program” intended to help it “oversee complex industry […]
SEC’s Office of Risk Assessment: Withered, but Revitalized in 2008
Today’s in-depth Washington Post interview with SEC Chairman Christopher Cox includes a discussion of the reduction of the SEC’s Office of Risk Assessment from seven people to one person during Cox’s tenure. It states: Another staffing shift was underway at the Office of Risk Assessment, formed by Cox’s predecessor, William H. Donaldson, to spot emerging […]
The SEC’s ORA Reloaded, Part II: Interview with Jonathan Sokobin
Part II of my interview with Jonathan Sokobin, Director of the SEC’s Office of Risk Assessment, is now available on my Enforcement Action blog over at Compliance Week (click here). Part II addresses why some at the agency believe Lynn Turner’s recent criticism of the SEC in his Congressional testimony was gratuitous, as well as […]
The SEC’s Office of Risk Assessment: Reloaded
»Lynn Turner, October 7, 2008 Congressional testimony: “At the SEC, the Office of Risk [Assessment] had been reduced to an office of one by February of this year.” »SEC Chairman Christopher Cox, October 23, 2008 Congressional testimony: “The Office of Risk Assessment when I came to the SEC had seven people. It has seven people […]
The SEC’s Office of Risk Assessment: An Army of One
“When that [one] person would go home at night he could turn the lights out.” — Lynn Turner Wait — did I just hear Lynn Turner, former chief accountant of the SEC, testify before Congress that as of February 2008 the SEC’s Office of Risk Assessment had been reduced to … one person? Read this post […]