SEC Defections, Cost Overruns Tax Agency

Law360, New York (November 8, 2005, 12:00 AM EST) -- With the departures of several of its top executives, the Securities and Exchange Commission is struggling with personnel issues and cost overruns amid a mandate from the federal government to expand investigations and regulation, attorneys say.

So far this year, the SEC has seen the departure of several high level administrators, including Chairman William Donaldson, Enforcement chief Steve Cutler, Commissioner Harvey Goldschmid, Chief Litigation Counsel David L. Kornblau, and, most recently, Deputy Chief Accountant Andrew D. Bailey, Jr.

Although some of these personnel shifts can be...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.