In addition to Professor Harris, a number of other academics and market participants have identified the need for greater transparency in the fixed income markets. ...
As I prepare to leave the Commission at the end of this month, I wanted to share some observations about how the Commission has evolved ...
During my tenure, I have been repeatedly concerned about the binary nature of granting or denying waivers. Today’s action represents a different and more outcome-focused ...
According to the FBI, every major corporation in the United States has been hacked. And the federal government has proven to be an equally alluring ...
We begin with derivatives. A critically important part of the Commission’s agenda is identifying and addressing, as appropriate, the risks in today’s asset management industry, ...
This proposal answers a pressing question that the Commission has been grappling with for many years – how should our rules be modernized to address ...
The release also notes that funds’ use of complex over-the-counter derivatives in particular entail risks. However, other regulatory action is already seeking to address some ...
The increased use of derivatives by registered funds is a particular risk for retail investors. As a former Director of the Division of Investment Management ...
The repeal of the indemnification requirement is one of many much-needed Dodd-Frank Act fixes identified by SEC staff as they have worked diligently to implement ...
My advice to new Commissioners not familiar with the inner workings of the SEC is to make sure your counsels have that familiarity. Each Commissioner ...