June 28, 2022

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Priority Open Recommendation: Securities and Exchange Commission

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<div>What GAO Found In April 2020, GAO identified two priority recommendations for the Securities and Exchange Commission (SEC). Since then, SEC has implemented one of these recommendations, and the other remains open. The open priority recommendation relates to performance management for SEC employees. Specifically, it would help enhance the credibility of SEC's performance management system among its staff, including the ratings, recognition, or feedback that they receive as a result. SEC's continued attention to this issue could lead to significant improvements in government operations. We are not adding any additional priority recommendations this year.  Why GAO Did This Study Priority open recommendations are the GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional and/or executive branch decision making on major issues; eliminate mismanagement, fraud, and abuse; or ensure that programs comply with laws and funds are legally spent, among other benefits. Since 2015 GAO has sent letters to selected agencies to highlight the importance of implementing such recommendations. For more information, contact Michael Clements at (202) 512-8678 or clementsm@gao.gov.</div>

What GAO Found

In April 2020, GAO identified two priority recommendations for the Securities and Exchange Commission (SEC). Since then, SEC has implemented one of these recommendations, and the other remains open. The open priority recommendation relates to performance management for SEC employees. Specifically, it would help enhance the credibility of SEC’s performance management system among its staff, including the ratings, recognition, or feedback that they receive as a result. SEC’s continued attention to this issue could lead to significant improvements in government operations. We are not adding any additional priority recommendations this year. 

Why GAO Did This Study

Priority open recommendations are the GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional and/or executive branch decision making on major issues; eliminate mismanagement, fraud, and abuse; or ensure that programs comply with laws and funds are legally spent, among other benefits. Since 2015 GAO has sent letters to selected agencies to highlight the importance of implementing such recommendations.

For more information, contact Michael Clements at (202) 512-8678 or clementsm@gao.gov.

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