The OTC equity market has transitioned from being paper-based, where brokers provided quotes over the phone, to a real-time electronic market
Ensuring that investors have access to material information so they can make informed investment decisions is a cornerstone of our federal securities laws
"By failing to challenge ourselves to experiment with new approaches to regulation, we, and those whose interests we are pledged to serve, risk surrendering the ...
"It is a laudable thing for a businessman to work ceaselessly to make his company or bank successful"
"Adding clearly financially sophisticated persons to the pool of persons eligible to participate in these financings is a laudable and unassailable policy goal"
"it’s not that the accredited investor definition somehow causes fraud, it’s that it allows more investors to be exposed to the risks of fraud"
"Why shouldn’t mom and pop retail investors be allowed to invest in private offerings? Why should I, as a regulator, decide what other Americans do ...
"I have long advocated that such a system is fundamentally unfair, unequal, and unjustified. As I have previously stated, wealth is a crude measure of ...
"Asset managers responsible for trillions in investments, issuers, lenders, credit rating agencies, analysts, index providers, stock exchanges—nearly all types of market participants—use ESG as a ...
The working group recommended the SEC improve disclosure regarding, and consideration by fiduciaries and other market professionals of, the risks of investing in emerging markets, ...
I am concerned about the proposal’s treatment of acquired fund fees and expenses (“AFFE”). Specifically, the proposal would allow funds to exclude AFFE from their ...
The verbal explosion that has occurred in our releases over the last twenty years means that only securities attorneys and compliance professionals, who are paid ...
Fund shareholders may be paying these fees regardless of the funds in which they invest. Perhaps these shareholders would not mind paying this extra cost ...
Today’s proposal would establish a new disclosure framework for mutual funds and ETFs that modernizes the shareholder reports provided to existing investors and the prospectuses ...
It is long past time that we updated the structure of our IAC to reflect the lessons learned from other committees
Today’s procedures will enhance our ability to find high-quality committee members drawn from a broader pool of potential candidates than ever before
The new process marginalizes participation by the office best situated to handle the process—the Office of the Investor Advocate—and restricts functional membership categories in a ...
The economic impacts of COVID-19 have underscored the obstacles that many underrepresented entrepreneurs have historically faced in raising capital
As the SEC staff considers responses to our proposals to amend the accredited investor definition and modernize and streamline our exempt offering framework, now is ...
Another potential way to get capital to entrepreneurs without easy access to capital could be a micro-offering exemption that would enable entrepreneurs to raise money ...
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