Juncker did announce changes in the policy advice area: He abolished the Bureau of European Policy Advisers, the commission division that housed Glover's office.
Although the agency has managed to file a record number of cases this year and has adopted a series of tough rules, officials say the commission's divisions have lost ground in their efforts to keep up with the growth of business and the expansion of stock ownership to a new investor class.
It would essentially supplant the commission's division of investment management as the primary regulator of mutual funds.
Then last year it hired to its legal team Elizabeth K. King, a former associate director of the commission's division of market regulation.
"It's turning word of mouth into a revenue opportunity," said Mary Engle, who directs the commission's division of advertising practices.
The term "designated State agency" means the commission, department, division, or other agency of a State which has primary legal authority for the conservation of fish and wildlife.
Gregory G. Mocek, director of the commission's division of enforcement, said American Electric had been warned that the commission planned to sue it.
And the commission's division of market regulation will seek to clarify which types and uses of electronic equipment bought with soft dollars conform to accepted "research" practices.
But Steve Manaster, the director of the futures commission's division of economic analysis, said that the floor traders also accounted for 42percentt of the buying volume.
"Today's action will contribute greatly to truth in labeling of mutual funds," said Paul Roye, director of the commission's division of investment management.
According to a 2002 Senate report, between 1999 and 2002 the commission's Division of Corporate Finance had failed to review 53 percent of Form 10-K annual reports — the single most important disclosure document for both investors and markets.
