"In FY 2023, Division staff conducted more than 3,100 examinations across our tens of thousands of registrants"
"The use of off-channel communications—text messages, smartphone chat applications like WhatsApp, and personal email outside firm-approved systems—is prevalent across the securities industry. We have an ...
"Unnecessary redaction of final award determinations in the name of whistleblower confidentiality limits public information about the awards, and that, in turn, insulates the awards ...
"The United States also has laws that govern the conduct of investment advisers that manage assets on behalf of investors as well as other market ...
"Shortening the cycle also means reducing the credit, market, and liquidity risks of the clearinghouse. Lowering risks for market participants and clearinghouses, alike, reduces the ...
"Also concerning is the Commission’s decision to stretch the law to punish a company that was the victim of a cyberattack. While an enforcement action ...
"One classic government failure is to seek to influence capital flows in the 'right' direction"
"It has been well documented that in the lead up to the financial crisis, pay structures often encouraged big bets that maximized short-term profits but ...
"The SEC staff routinely seeks international assistance and the assistance that many of you have provided to us has been invaluable. In turn, the SEC ...
"These additional resources are the minimum just for the [Exam] Division to stay abreast of the growth in market participants and make key investments to ...