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Browse: Home / 2019 / September / 10 / SEC Chairman Jay Clayton’s Remarks to the Economic Club of New York

SEC Chairman Jay Clayton’s Remarks to the Economic Club of New York

By Securities Docket on September 10, 2019, 8:08 am

To be clear, I do not intend to change the FCPA enforcement posture of the SEC.  We should, however, recognize that we are acting largely alone and other countries are incentivized to play, and I believe some are in fact playing, strategies that take advantage of our laudable efforts.

Taking a step back, this experience, including the FCPA-driven withdrawal of U.S. and U.S.-listed firms from certain jurisdictions, illustrates that globally-oriented laws, with no, limited or asymmetric enforcement, can produce individually unfair and collectively suboptimal results.  I assure you that this reality is at the front of my mind when I engage with my international counterparts on matters where common, cooperative enforcement strategies are essential, including the recent calls for greater securities law-based regulation of environmental and social issues.

via SEC.gov | Remarks to the Economic Club of New York.

Posted in SEC, Top | Tagged FCPA, Speeches

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