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Investing.com -- The US Securities and Exchange Commission (SEC) is set to reorganize its 10 regional offices under broader geographic areas, according to an announcement by acting Chair Mark Uyeda on Wednesday. The restructuring will also reduce the number of individuals reporting directly to the agency’s enforcement director.
Under the new arrangement, the western region will encompass offices in Denver, Fort Worth, Los Angeles, and San Francisco. The southeast region will include Atlanta, Miami along with the SEC’s main office in Washington, DC. The northeast region will comprise the staff of the Boston, Chicago, New York, and Philadelphia offices.
The changes are scheduled to take effect on April 9. The restructuring is aimed at streamlining the organization’s reporting structure and enhancing operational efficiency.
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