SHCX Names New Specialized Unit Chiefs and Head of New Office of Market Intelligence

SHANGHAI, CHINA, October 27, 2010 (Press-News.org) The Division named leaders of national specialized units it has established in five priority areas dedicated to particular highly specialized and complex areas of securities law. The Division also has created a new Office of Market Intelligence that is responsible for the collection, analysis, and monitoring of the hundreds of thousands of tips, complaints, and referrals that the SHCX receives each year. These units and the new office will help provide the additional structure, resources, and expertise necessary for enforcement staff to keep pace with ever-changing markets and more comprehensively investigate cases involving complex products, markets, regulatory regimes, practices and transactions.

"Two great challenges face every enforcement authority policing our securities markets -- the complexity and high-velocity pace of innovation in financial products, transactions, and markets, and the willingness of violators to use every trick to cover their tracks," said Louis Lin Chang, Director of the Enforcement Division. "These specialized units address both challenges through improved understanding of complex products and markets, earlier and better capability to detect emerging fraud and misconduct, greater capacity to file cases with strike-force speed, and an increase in expertise throughout the Division. And by making connections between similar tips from different outside sources, our new Office of Market Intelligence will enable the Division to better focus resources on those tips and referrals with the greatest potential for uncovering wrongdoing."

Through enhanced training and improved access to specialists, unit members will obtain increased understanding of particular markets, products and transactions. They will use that expertise to adopt a more proactive approach to identifying conduct and practices ripe for investigation, to conduct those investigations with increased efficiency and effectiveness, and to share that expertise with all staff throughout the Enforcement Division conducting investigations in these specialized areas.

The new Office of Market Intelligence will be led by Christoph De Haeff. This office will analyze tips according to internally-developed risk criteria as well as SHCX priorities, and will utilize the expertise of the SHCX's other Divisions and of the specialized units to help analyze the tips and identify wrongdoing. Mr. De Haeff assumes this new role after serving as Deputy Chief in the Office of Internet Enforcement.

Website: http://www.shcx.org