SEC Issues Third Report on the Implementation of SEC Organizational Reform Recommendations
On October 17, 2012, the Securities and Exchange Commission ("SEC") issued its Third Report on the Implementation of SEC Organizational Reform Recommendations. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act"), the SEC was directed to engage an independent consultant to conduct a review of the SEC's operations, structure, funding, and the SEC's relationship with Self-Regulating Organizations. This is the third of four reports that the SEC will provide to Congress under Section 967(c) of the Dodd-Frank Act. The goal of this review process is to increase the SEC's effectiveness and efficiency.
