The Securities and Exchange Commission's Enforcement Division came under fire in a report that criticized the division's oversight of its caseload.
The Government Accountability Office said the division's processes and systems for planning, tracking, and closing investigations had "significant limitations," hampering the Enforcement Division's ability to effectively manage operations and allocate resources. While the division had established a centralized process for reviewing and approving new investigations, the GAO complained that Enforcement had not yet established written procedures and assessment criteria.
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