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OPINION: Change to SEC Enforcement Director’s authority could affect pace, scope of investigations

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Photo: Chip Somodevilla/Getty Images

Julie DiMauro

1 min read
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Independent power to order investigations stripped by SEC.

The SEC updated rules for its enforcement actions in an interesting and not well-publicized way on Tuesday.

According to a rather pithy document posted on the SEC’s website, the Director of Enforcement will no longer be able to issue formal orders of investigation and must seek Commission

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