After a year of looking through internal inefficiencies, the Securities and Exchange Commission is moving to specialized departments and away from generalists handling a variety of cases.

Robert Khuzami, SEC Director of Enforcement, in a seminar at SABEW’s annual conference said that they found the organization to be management heavy and lacking centralized protocol between departments. With increased funding, the SEC’s five new departments will help manage the deluge of tips – 700,000 last year – with officers concentrating on asset management, market abuse, structured new products, corporate bribery and municipal securities.  The revamp will be complete by mid-April as the departments finish hiring.