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Tag Archives: Securities and Exchange Commission

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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Former Sullivan & Cromwell Partner Jay Clayton Assumes SEC Chairman Post

Jay Clayton, former partner at Sullivan and Cromwell, took his official oath as the 32nd chairman of the Securities and Exchange Commission at a swearing-in ceremony held Thursday in Washington. SEC said Thursday Clayton has advised multiple public and private companies on corporate governance, merger-and-acquisition, securities, regulatory and enforcement proceeding matters during his more than …

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SEC COO Jeffery Heslop to Step Down in February, Kenneth Johnson Named Acting COO

Jeffery Heslop, chief operating officer of the Securities and Exchange Commission since 2010, is due to leave SEC next month. SEC Chief Financial Officer Kenneth Johnson will succeed Heslop on an acting basis after the latter steps down, the commission said Friday. Heslop helped integrate innovation into the agency’s approaches to manage human …

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GAO Asks SEC to Improve Cross-Divisional Collaboration, Develop Training for Hiring Specialist

The Government Accountability Office has recommended the Securities and Exchange Commission authorize the SEC’s chief operating officer to reform cross-divisional collaboration and establish training for hiring specialist. GAO said Thursday the SEC’s divisions lack communication and collaboration and the agency still operates in silos. Other challenges auditors identified for the SEC include mechanisms to monitor …

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Matthew Solomon to Step Down as SEC Chief Litigation Counsel; Andrew Ceresney Comments

Matthew Solomon is set to depart from the Securities and Exchange Commission as the chief litigation counsel for SEC’s enforcement division in early December. Solomon has overseen the division’s litigation program since September 2013 and handles cases both in federal courts and administrative proceedings, SEC said Nov. 21. “Matt has won …

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