Regional Office Reorganization

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The Securities and Exchange Commission is amending its rules to reflect the reorganization of its regional offices into five regional and six district offices. The Director of the Division of Enforcement will have overall responsibility for the five regional offices, but other Division Directors will continue to be responsible for managing their respective programs in each regional and district office. This reorganization is designed to create a more efficient reporting structure and to improve program accountability. The Commission is also correcting addresses appearing in its rules and eliminating certain redundant rules of organization.