U.S. Securities and Exchange Commission Ramps Up Recruitment; Washington, DC-area Firm to Lead 4-year Executive Search Campaign

Business Wire, Nov 10, 2003

Business Editors

WASHINGTON--(BUSINESS WIRE)--Nov. 10, 2003

The U.S. Securities and Exchange Commission (SEC) has awarded a four-year executive recruiting contract to JDG Associates, Ltd, a Washington, DC area executive search firm. With offices in Washington, DC and Rockville, Maryland, JDG will assist the SEC in mounting a nationwide recruiting effort to fill over 300 senior-level positions, including Economists, Securities Compliance Examiners, MBAs, CFAs, IT Specialists, Accountants, and Attorneys.

"We will be launching an aggressive national recruitment effort," said JDG President Joseph DeGioia, "so that the SEC can expedite its hiring process." President Bush signed legislation this summer that gives the SEC authority to exempt applicants from the standard federal hiring process. DeGioia also said that the expedited SEC hiring process is intended to fulfill the requirements of the Sarbanes-Oxley Act, which mandates corporate governance of publicly-held companies. The Sarbanes-Oxley Act was passed in July 2002 in response to several high profile accounting scandals at Enron, WorldCom, Tyco and other public companies.

The SEC was established in 1934 to protect investors, fight fraud, and to maintain the integrity of securities markets. Headquartered in Washington, DC, and relatively small by federal agency standards, the SEC has a staff of approximately 3,100 staff, with 11 regional and district offices throughout the country.

JDG Associates has been serving the executive recruitment needs of corporations, associations and non-profits, the Federal government, research and consulting organizations, and defense contractors since 1973. For more information about JDG Associates, visit http://www.jdgsearch.com.