SEC Chairman’s Agenda Has No Intention Of Stopping
News and Alerts
Brief Introduction
SEC Chairman, Gary Gensler, discussed multiple topics in a recent interview with InvestmentNews.
He addressed the growing number of critics from leaders in both politics and the private sector.
In defending his actions from the past two years as SEC Chairman, he provided an insight into how his regulatory agenda will likely continue at the current pace.
Below are key takeaways from the interview.
Minimal Concerns with Current Pushback
- The SEC has 52 rulemakings in various stages as of that interview.
- Gensler appreciates the feedback from members of congress, the financial industry, and other interested parties stating the SEC will “make adjustments where appropriate”.
- The SEC feels confident that their large number of rules going into effect will make it through any court proceedings.
Who the SEC Serves
- Gensler is clear that investors and issuers are the ones he is looking out for the most, as they are their “clients”.
- Gensler sees the Broker Dealers and Investment Advisers as market intermediaries extracting money as it moves between investors and issuers.
- The effects on the business models of Broker Dealers and RIAs are not Gensler’s concern, although he argues that some intermediaries will benefit from his agenda.
Vigilant’s Conclusion
As Firms scramble to meet compliance deadlines in 2023, many have wondered if there will be relief from the record setting rules and amendments released in the previous two years.
As more rulemaking is in the works, and the SEC Chairman sees investors and issuers as the people he needs to protect, it appears unlikely there will be any slowing of this intense regulatory environment.
Vigilant provides efficient, ongoing compliance support leveraging decades of industry experience to help Firms remain compliant.
Reach out to us to discover how we can partner with you to help your business achieve its goals while limiting the risk of costly regulatory headaches.