Regulatory Alerts2020-12-29 | 2020-27537Added
Delegation of Authority to Director of the Division of Enforcement
The Securities and Exchange Commission amends its regulations to delegate specific enforcement authorities to the Director of the Division of Enforcement to improve operational efficiency. The Director is authorized to dismiss duplicative or defunct claims in federal court, file applications for delayed notice subpoenas, and institute administrative proceedings for securities registration failures. Additionally, the Director gains authority to manage Fair Fund and disgorgement distribution plans, including approving disbursements and final accountings.
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