SEC to Restructure Regional Offices to Streamline Management

The US Securities and Exchange Commission will reorganize 10 regional offices under broader geographic areas and decrease the number of people reporting directly to the agency’s enforcement director, acting Chair Mark Uyeda said in a staff-wide email Wednesday.

“The current management structure simply cannot be sustained,” Uyeda wrote in an email reviewed by Bloomberg.

The change will be effective April 9.

Enforcement staff will report to deputy directors for geographical areas and an enforcement director for the specialized units, according to the email.

The new western region will cover Denver, Fort Worth, Los Angeles, and San Francisco, while the southeast ...