Final Rule
Delegation of Authority to Director of the Division of Enforcement
Overview
The Securities and Exchange Commission ("Commission') is revising its regulations with respect to the delegations of authority to the Director of the Division of Enforcement. These revisions are the result of the Commission's experience with its nonpublic investigations, litigation in Federal court, and disgorgement and Fair Fund plans in administrative and cease-and-desist proceedings instituted by the Commission. The revisions are intended to conserve Commission resources and make Commission operations more efficient by delegating to the Director the discretion to take the actions described below.
Details
Rule Type
Final
Release Number
33-10900
34-90623
IA-5644
IC-34134
SEC Issue Date
Dec. 10, 2020
Effective Date
December 29, 2020
Federal Register Publish Date
Dec. 29, 2020
Document Citation
85 FR 85512