SEC Adds New Units

On July 16, the SEC announced the creation of three specialized offices within the Department of Corporation Finance: (i) a disclosure review office to expand the Division’s enhanced reviews of large financial services companies, (ii) an office focusing exclusively on disclosure reviews and policy-making for ABS and other structured finance products, and (iii) an office to review new securities products and capital markets trends and to develop recommendations for changes to enhance investor protection in securities offerings. SEC Release.