The SEC announced on January 6 that Michael J. Osnato, Jr. will lead the Complex Financial Instruments Unit. The unit is comprised of attorneys and industry experts working in SEC offices across the country to investigate potential misconduct related to asset-backed securities, derivatives and other complex financial products. The unit was formerly known as the Structured and New Products Unit. The SEC’s announcement can be found at http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540590596.