SEC Reorganizes Regional Offices, Says "Current Management Structure Simply Cannot be Sustained"

US Securities and Exchange Commission shakes up enforcement, exams units

The U.S. Securities and Exchange Commission told staff on Wednesday it plans to shake up its enforcement and exams divisions by having them report under new deputy directors, the latest in a series of changes at the agency under Republican leadership.

Under the reorganization, detailed in a memo seen by Reuters sent by acting SEC Chairman Mark Uyeda, enforcement staff will report to deputy directors for the West, Northeast or Southeast as well as a deputy director for specialized units. The SEC currently has one deputy director for the enforcement division and 10 hubs across the country where enforcement and exam staff report up to a director of each office. […]

A spokesperson for the SEC confirmed the changes, saying they “are intended to improve efficiency, management, and oversight of the Divisions.”

The changes are effective April 9, the memo said. […]

Three of the current regional directors have been reassigned as deputy directors of the new regions: Katherine Zoladz from Los Angeles will oversee the West, Atlanta’s Nekia Jones will run the Southeast, New York’s Antonia Apps will supervise the Northeast. Denver’s Jason Burt will oversee the specialized units, the memo said.

Top officials to leave US SEC’s anti-bribery unit, sources say

The top two leaders of the U.S. Securities and Exchange Commission’s foreign corrupt practices unit are leaving the agency, according to two people familiar with the matter, at a time when the Trump administration has been hitting the brakes on anti-corruption enforcement.

Charles Cain, the SEC’s Foreign Corrupt Practices Act chief since 2017, and Tracy Price, deputy chief of the unit since 2018, are among hundreds of SEC officials leaving the agency, according to the two people who spoke on condition of anonymity as the moves have not been made public outside the agency. A third source familiar with the matter confirmed Price was departing. […]

The Trump administration in February ordered a pause in enforcement of the FCPA, a U.S. law that bars U.S. companies from paying bribes to build business overseas. As part of an executive order, Trump called for Attorney General Pam Bondi to review the law’s enforcement and pending cases over the next 180 days.

Trump’s order did not name the SEC, but Antonia Apps, the regulator’s acting deputy enforcement director, told lawyers at an American Bar Association conference that the agency would follow the Justice Department’s lead.

Kalshi’s Top Lawyer Mishory Quits to Become Leader of DOGE Team at SEC

Eliezer Mishory, the former chief regulatory officer of derivatives exchange Kalshi Inc., is leading the DOGE team at the US Securities and Exchange Commission, according to people with knowledge of the matter.

Mishory left his role at Kalshi last week, said one of the people, who asked not to be identified discussing private matters. […]

The DOGE team arrived at the SEC on March 28, the day after Paul Atkins, Trump’s nominee to lead the agency, had his confirmation hearing before the Senate Banking Committee….

Charlie Javice Is Ordered to Wear Ankle Monitor After Guilty Verdict in JPMorgan Case

Charlie Javice was ordered Tuesday to wear an ankle monitor after prosecutors warned that the 32-year-old startup founder posed a flight risk.

Javice was convicted Friday of defrauding JPMorgan Chase when she sold her company to the bank for $175 million. Prosecutors warned afterward that Javice, who has dual French and U.S. citizenship, might be at risk of fleeing the country without daily location monitoring.

Javice’s attorneys had said she shouldn’t wear an ankle bracelet because her main source of income is teaching Pilates in South Florida.