TheCorporateCounsel.net

Yesterday, the SEC announced the executive staff that will be working for Acting Chairman Mark Uyeda. As noted in the announcement, the sixteen individuals named in the press release advise the Acting Chairman on matters before the Commission and work closely with SEC staff.

The announcement also indicates that Sebastian Gomez Abero has been appointed as Acting Deputy Director (Legal and Regulatory Policy) for the Division of Corporation Finance, and Antonia Apps has been appointed as Acting Deputy Director for the Division of Enforcement.

While on the topic of staffing at the SEC, the clock is ticking on the Administration’s efforts to de-staff the SEC and other federal agencies pursuant to the now-infamous “Fork in the Road” email that approximately two million federal employees received last week from the Office of Personnel Management (OPM). The email offered federal workers the ability to undertake a “deferred resignation” if they resigned by tomorrow. As this ABC News article notes, federal employees received a second email yesterday titled “Fork in the Road: Today’s FAQs,” which attempted to answer certain questions about the deferred resignation program. Having navigated the complex waters of the hiring (and firing) process in the federal government for a over a decade, all I can say is that these emails are about the most “un-OPM” things I have ever seen! I can only imagine that these communication have caused a great deal of confusion and hand-wringing for the SEC Staff and other federal employees.

– Dave Lynn