|SEC Creates New Post To Boost Technological Capability And Bring Systems Up To Date|
|Friday, October 12, 2012 01:58|
The SEC has created a new position—Deputy Chief Information Officer—to help it modernize its technology systems.
Pamela Dyson will fill the post and will coordinate closely with the SEC’s various divisions to maintain a secure, innovative, and efficient technology infrastructure.
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In its announcement, the SEC also pointed to steps it has taken over the last few years to bring its computer system and technological capabilities up to date.
It has created a national standardized collection and storage system for SEC inspections and examinations, created a centralized database for tips and complaints, installed an automated work-flow system to track enforcement actions, and refurbished its financial management system.
The SEC has been criticized for its lack of oversight, particularly in the Bernard Madoff case. Not enough staff, staff not sufficiently trained, and outdated technology systems were among the criticisms.