The SEC has been routinely criticized for not completing its administrative work under the Dodd-Frank Act. Despite this criticism, the SEC stated that it had only 4 remaining initiatives it must complete. http://www.sec.gov/new/studies/2013/sec-organizatinal-reform-recommedations-043013.pdf and http://www.sec.gov/new/studies/2011/967study.pdf.
The SEC must, now, reorganize the Offices of Administrative Services, Financial Management, and Human Resource, as well as create the Office of Chief Data Officer. The SEC evaluated how its operations could be restructured to improve its use of resources and internal communications, key technological systems and employ staff with “high-priority skills” to enhance its ability to police markets and protect investors.
The SEC believes it has responded to these concerns, and claims to continue to improve its operations.