July 16, 2010
On July 16, 2010, the U.S. Securities and Exchange Commission (the “SEC”) announced that the Division of Corporation Finance (the “Division”) will create three new specialized offices that are intended to focus the Division’s resources on critically important institutions and financial products.
The three new offices that the Division is establishing are:
The asset-backed securities and other structured finance products office and the capital markets trends office will be overseen by long-time staff member Paula Dubberly, the newly appointed Deputy Director for Policy and Capital Markets.
These changes will likely result in substantial movement among SEC staff members as new positions are created and vacancies are filled with attendant transfers and promotions. As a result, there is a possibility that companies may experience some disruption in the staff review process in the short term and increased review and scrutiny of their filings and disclosures in the long term.
Gibson, Dunn & Crutcher lawyers are available to assist in addressing any questions you may have regarding the issues discussed above. Please contact the Gibson Dunn attorney with whom you work, or any of the following:
Howard Adler (202- 955-8589, [email protected])
Anne Lee Benedict (202-955-8654, [email protected])
Amy L. Goodman (202-955-8653, [email protected])
Stephen I. Glover (202-955-8593, [email protected])
K. Susan Grafton (202-887-3554, [email protected])
Elizabeth Ising D.C. (202-955-8287, [email protected])
Brian J. Lane (202-887-3646, [email protected])
Ronald O. Mueller (202-955-8671, [email protected])
John F. Olson (202-955-8522, [email protected])
Dhiya El-Saden (213-229-7196, [email protected])
David M. Hernand (310-552-8559, [email protected])
Jonathan K. Layne (310-552-8641, [email protected])
James J. Moloney (949-451-4343, [email protected])
Steven P. Buffone (212-351-3936, [email protected])
Joerg Esdorn (212-351-3851, [email protected])
Steven Finley (212-351-3920, [email protected])
Glenn Pollner (212-351-2333, [email protected])
Richard M. Russo (303- 298-5715, [email protected])
© 2010 Gibson, Dunn & Crutcher LLP
Attorney Advertising: The enclosed materials have been prepared for general informational purposes only and are not intended as legal advice.