The U.S. Securities and Exchange Commission (SEC) is implementing a major reorganization of its enforcement and exam divisions, directing staff to report under newly appointed deputy directors. The move, outlined in a memo from Acting SEC Chairman Mark Uyeda, marks a significant shift under Republican leadership.
Under the new structure, enforcement personnel will now report to regional deputy directors for the West, Northeast, or Southeast, as well as a deputy overseeing specialized units. Previously, a single deputy director supervised the enforcement division, with staff reporting to 10 regional hubs. Exam staff will also be assigned to new associate directors.
The SEC’s restructuring follows widespread resignations as the agency undergoes transformation under President Donald Trump and ally Elon Musk’s broader government overhaul. A spokesperson confirmed the changes, emphasizing improved efficiency, management, and oversight within the divisions. The reorganization takes effect on April 9.
Uyeda highlighted management difficulties under the existing framework, noting the enforcement director oversees more than 40 direct reports. He pointed to leadership weaknesses that contributed to last year’s closure of the Salt Lake City office, which followed a judicial reprimand after a failed cryptocurrency case.
Wednesday’s memo also confirmed the reassignment of nine regional directors into new roles. Despite the restructuring, the SEC will maintain directors to manage daily operations. Three regional directors will now serve as deputy directors: Katherine Zoladz (West), Nekia Jones (Southeast), and Antonia Apps (Northeast). Jason Burt will oversee specialized units.
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