Robert Burson, a senior associate regulatory director for the Securities and Exchange Commission in Chicago, told lawyers gathered for a discussion of “Investigations in a Time of Financial Meltdown” that the enforcement division is trying to rev things up following recent criticism of long settlement periods.
“We expect that to speed up,” Burson said.
The division is aiming for “quicker calls” and “quicker turn-around times,” Burson said during the panel.
Following the discussion, Burson said in an interview that those efforts are “aspirational” at this point. His comments echo sentiments expressed publicly by the agency’s leadership, he said.
He declined to get specific about any new agency goals for completing investigations in a particular timeframe, deferring instead to general comments delivered last month by SEC Chairman Mary Schapiro before the Senate Committee on Banking, Housing and Urban Affairs.