Northeast Regional Office Announces Move to World Financial Center; State of the Art Facilities Will Support Office Mission and Accommodate Increased Staff

FOR IMMEDIATE RELEASE
2005-42

Washington, D.C., March 28, 2005 — The Securities and Exchange Commission today announced that its Northeast Regional Office has leased brand new space in New York’s World Financial Center.  The move will accommodate recent staff growth and enable the Northeast Regional Office to continue to maintain its significant presence in the city’s financial district.

Mark K. Schonfeld, Director of the Northeast Regional Office, said, “This is a tremendous step for the future of this office. The World Financial Center is a symbolic location for the SEC's presence in the financial capital of the world. This will also enable the dedicated people in the SEC's New York office to continue their successful achievements on the front lines of enforcing the nation's securities laws.”

The Office’s previous location, at Seven World Trade Center, was destroyed in the September 11, 2001 terrorist attacks.  The Commission quickly leased new space in Lower Manhattan’s historic Woolworth Building and resumed full operations within weeks after the attacks.

Since September 2001, the staff of the Office has grown by more than 20%.  The World Financial Center location includes more office and meeting space, which will allow the Office staff to better fulfill their examination, investigation, and litigation responsibilities.

The World Financial Center is a group of four office towers connected by public spaces and located in Manhattan's Battery Park City on the Hudson River, not far from the Office’s original location.  The move is expected to be completed by this spring.

http://www.sec.gov/news/press/2005-42.htm