{"id":5380,"date":"2013-01-09T00:00:00","date_gmt":"2013-01-09T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/01\/sec_roundup_lawmakers_question"},"modified":"2022-04-28T15:27:49","modified_gmt":"2022-04-28T20:27:49","slug":"sec-roundup-lawmakers-question","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-roundup-lawmakers-question\/","title":{"rendered":"SEC Roundup: Lawmakers Question Structural Reform Costs, Enforcement Director Khuzami to Step Down, & New Commission Chairman Names General Counsel is Named"},"content":{"rendered":"

Lawmakers Question the SEC About Costs Related to Structural Reform <\/strong><\/p>\n

Per the Dodd-Frank Wall Street Reform and Consumer Protection Act\u2019s Section 967, the Securities and Exchange Commission has been tasked with assessing how to restructure its operations to better its use of internal communications and resources. The restructuring plan is being referred to as the Mission Advancement Program. However, lawmakers are concerned that this effort may be too expensive\u2014especially because of the costs associated with retaining independent consultant Booz Allen Hamilton Inc. to help with the restructuring.<\/p>\n

Earlier this month, House Oversight Committee Chairman Darrell Issa (R-Calif.) asked the SEC for information about how much the Commission expects to save through the Booz Allen-recommended reforms, its 2012 fiscal year budget for Office of the Chief Operating Officer, CEO Jeffery Heslop\u2019s yearly compensation, the May 2011 contract between the agency and Booz Allen, and the payments that have been made to the latter.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Lawmakers Question the SEC About Costs Related to Structural Reform Per the Dodd-Frank Wall Street Reform and Consumer Protection Act\u2019s Section 967, the Securities and Exchange Commission has been tasked with assessing how to restructure its operations to better its use of internal communications and resources. The restructuring plan is being referred to as the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3960,3760,3761],"tags":[],"class_list":["post-5380","post","type-post","status-publish","format-standard","hentry","category-doddfrank-wall-street-reform-a","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"\nSEC Roundup: Lawmakers Question Structural Reform Costs, Enforcement Director Khuzami to Step Down, & New Commission Chairman Names General Counsel is Named — Investor Lawyers Blog — January 9, 2013<\/title>\n<meta name=\"description\" content=\"Lawmakers Question the SEC About Costs Related to Structural Reform Per the Dodd-Frank Wall Street Reform and Consumer Protection Act\u2019s Section 967, the — January 9, 2013\" \/>\n<meta name=\"robots\" content=\"index, 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