Sunday, March 13, 2005

Ramping Up at the SEC's Atlanta Regional Office

The Atlanta Journal-Constitution has an interesting profile (here) of  Katherine (Kit) Addleman, the new SEC Assistant Regional Administrator for Enforcement in the Atlanta office.  That office has brought a number of enforcement actions in the past year, aided in part by the addition of 15 new staffers in the examinations and enforcement sections.  The effects of the increased funding for the Commission after the collapse of Enron, WorldCom, etc. in 2002 is starting to be felt.  The lag time for hiring and training new staff, and then employing them in investigations, is probably about two to three years, so it should not be a surprise to see the SEC starting to bring more enforcement actions, and the number should increase in the next few years.  That will be especially noticeable because the agency suffered through static or even declining budgets in the 1990s. (ph)

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