Financial Times FT.com

SEC sets up enforcement groups

By Jeremy Grant in Washington

Published: September 11 2007 20:15 | Last updated: September 11 2007 20:15

The Securities and Exchange Commission has been quietly forming four special “working groups” to sharpen its enforcement process and bring cases of suspected fraud more quickly and efficiently, SEC officials said.

The latest of the four groups, set up in January, focuses on pursuing potential wrongdoing associated with the subprime crisis. That has produced an uptick in the flow of tip-offs to the regulator that often form the basis for investigations.

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