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Tag Archives: Securities and Exchange Commission

SEC to Require Machine-Readable Financial Reports for Companies

The Securities and Exchange Commission on Thursday voted to adopt amendments to its reporting standards for operating companies and funds. Operating companies submitting financial statement information and funds filing risk/return summaries will soon have to use the Inline eXtensible Business Reporting Language format in their disclosure reports, the SEC announced in …

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SEC Seeks Chief Risk Officer to Help Manage Commission’s Cybersecurity

The Securities and Exchange Commission wants to recruit a chief risk officer to help boost the agency’s cyber defense measures, Federal News Radio reported Monday. SEC Commissioner Michael Piwowar said during a Data Coalition-hosted forum in Washington that SEC Chairman Jay Clayton suggested the creation of the chief risk officer position. “We’re having discussions …

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SEC Names Timothy Timura Division Deputy Director & Chief Economist

Timothy Timura, a faculty member at American University’s Kogod School of Business, has joined the Securities and Exchange Commission‘s Division of Economic and Risk Analysis as deputy director and deputy chief economist. He will assist DERA Director and Chief Economist Jeffrey Harris in efforts to formulate economic policies, SEC said Thursday. The three-decade investment management …

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Kenneth Johnson Promoted to Full-Time SEC COO

Kenneth  Johnson, acting chief operating officer of the Securities and Exchange Commission since February 2017, has been appointed to serve in the COO position on a full-time basis. He supervises the commission’s human resources, acquisitions, information technology, strategic initiatives, financial management and support operations offices, SEC said Thursday. Johnson served as chief management …

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GAO: Agencies Should Adopt Planning Practices for Telecoms Contract Transition to Avoid Schedule Delays

The Government Accountability Office has called on five federal agencies to fully implement planning practices to transition to a follow-on program to the Networx telecommunications contract in order to avoid additional costs and schedule delays. GAO said in a report published Thursday the transition planning practices that it wants agencies to adopt …

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SEC Chairman Jay Clayton Discloses 2016 Cyber Breach of Disclosure Document Collection System

Securities and Exchange Commission Chairman Jay Clayton issued a statement Wednesday saying the agency found in August that a previously identified cyber incident “may have provided the basis for illicit gain through trading,” MeriTalk reported Thursday. Clayton refers to a 2016 breach of the test filing component of SEC’s Electronic Data …

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