7/13/09: Senior management in the Division of Enforcement is considering implementation of a plan to flatten management by eliminating the branch chief layer, according to a recent press account.
For many months, the union has called for the elimination of branch chiefs to streamline the current Enforcement management structure. In meetings with Chairman Schapiro, Enforcement Director Rob Khuzami, other senior SEC officials and key members of Congress, the union has pressed the...
9/9/09: Director of Enforcement Rob Khuzami last week released details on the Division’s much anticipated, and badly needed, organizational reform. The reforms as currently outlined constitute a major step towards a more rational and efficient management structure and will move the Division closer to a key objective the Union shares with the Director – to empower frontline investigative staff. As the Director said in his recent address to the New York City Bar, a flatter...
5/15/09: NTEU has appointed the bargaining unit employees listed below from those who volunteered to fill the slots provided by management on the various Enforcement Division Management Work Groups that are currently discussing the following issues: specialization, revising management structure, streamlining processes, measuring success, fostering consistency in the national program, centralizing risk management, training, improving the HUB, case closing procedures, and...
5/6/09: NTEU is looking forward to working with new leadership at the SEC “to alter the course of the misguided human capital policies” of the last administration, NTEU National President Colleen Kelley today told the Senate Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance and Investment in testimony submitted in connection with a hearing focused on strengthening the SEC’s enforcement program....
President's Perspective, April 2009: There has been much discussion both inside and outside the SEC over the past several years – not to mention the last several months – about how to improve the SEC’s Enforcement program. Beyond the obvious suggestion of hiring more staff, many opportunities exist to refocus the manner in which the Division of Enforcement leverages its highly skilled frontline employees to advance the Commission’s mission.
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As part of this year’s NTEU Legislative Conference in March, union representatives from several financial regulatory agencies represented by NTEU – the SEC, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the National Credit Union Administration – met with the Senior Counsel for the Senate Banking Committee. At the meeting, these union leaders discussed options that the Committee may be considering as it considers possible...
Tell the Union, in confidence, your thoughts on Enforcement reorganization. We would appreciate getting the input of non-management employees on a number of issues, to assist with...
The U.S. Securities and Exchange Commission is eliminating supervisory jobs in the enforcement division as it seeks to reduce bureaucracy and speed response to financial-market threats,...
March 2009 report by the Governmental Accountability Office regarding ways to enhance communication and the utilization of resources in the Division of Enforcement.
6/4/09: On the morning of Feb. 4, the chairman of the Securities and Exchange Commission, Mary Schapiro, sat in a confidential meeting reviewing financial crime cases when an assistant handed her a note. Schapiro read it and then asked everyone in the room to leave, except for her fellow commissioners and their aides. She learned that top SEC officials had just been pilloried at a House committee hearing on the agency's failure to detect...
Review Director of the Division of Enforcement Rob Khuzami's testimony before the U.S. Senate Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment regarding the Enforcement Division.
