"I have instructed staff to undertake a comprehensive review of the CAT [including] taking a hard look at the costs of CAT by examining the ...
"This regulatory fragmentation may have been appropriate for a different era, but the complexity of today’s financial markets demands a harmonized approach"
The new no-action letter "only addresses client crypto assets held by registered advisers or crypto asset investments of regulated funds that are subject to the ...
"It is a signal that the Commission is willing to reexamine outdated constraints, embrace innovation, and consider relief that could benefit investors, fund sponsors, and ...
"Degrading our custody framework is a serious matter .... Ironically, as this relief seeks to poke holes in our custody regime, it suffers from several ...
"The SEC and CFTC had different standards for recordkeeping, advertising, and the use of third-party administrators. Â Funds found themselves caught between two sets of rules ...
"I believe that it is appropriate to restore the Commission’s prior practice of permitting a settling entity to request that the Commission simultaneously consider an ...
"There is also the significant risk that retail investors would get access only to investments that more sophisticated investors have already turned down"
"The Commission is exploring ways to facilitate the ability of individual investors to participate in the private markets .... We must address the important issues ...
"Knowing that the SEC will not put its thumb on the scale, companies can decide whether they want to include arbitration provisions"