SEC Operations

"[W]e have to be mindful that asset managers’ interests are not necessarily the same as those of true investors .... the SEC’s regulatory role should be limited ...

The SEC isn’t immune to the social ills that plague the outside world, as confirmed by the Commission’s Office of Inspector General

The new agenda lists 49 items, many targeting investment advisers. Some are holdovers, but many are new

"We are disappointed that the Commission would dedicate our scarce resources to rehashing newly completed rules"

"I believe BSBY has many of the same flaws as LIBOR. Both benchmarks are based upon unsecured, term, bank-to-bank lending .... That’s why I believe ...

"The events brought particular focus to prime money market funds, and their interrelationship with investments in commercial paper and certificates of deposit. CP and CD ...

"It’s interesting to note that the United Kingdom, Canada, and Australia don’t allow broker-dealers to route retail orders to wholesalers in return for payments .... Again, it’s best ...

"Best execution is a nuanced concept .... Of course, no discussion of best execution in the current market environment can disregard the incentives created by ...

I believe it’s appropriate to look at ways to freshen up the SEC’s rules to ensure that our equity markets reflect our mission: to maintain ...

Broker-dealers have a legal duty to seek to obtain best execution of customer orders....for several years now I have advocated for the Commission to provide ...