• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Experts in Risk
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2019 / December / 10 / SEC member Robert Jackson calls out critics of agency ‘rulemaking by enforcement’

SEC member Robert Jackson calls out critics of agency ‘rulemaking by enforcement’

By Securities Docket on December 10, 2019, 11:49 am

Brokerage industry advocates have accused the SEC of launching enforcement on share class selection before explaining what it expected from firms on fee disclosure. Instead, they say, the agency started with enforcement. They decry it as rulemaking — or regulation — by enforcement.

Last week, SEC member Robert Jackson Jr. said he’s getting tired of that criticism. Actually, he used a more colorful term.

“I’ve heard the argument,” Mr. Jackson said Friday at the Consumer Federation of America’s Financial Services Conference. “This is bullshit. The people who are making this argument are in favor of neither regulation nor enforcement. That’s cool. Just be honest.”

via SEC member Robert Jackson calls out critics of agency ‘rulemaking by enforcement’.

Posted in SEC, Top | Tagged Commissioners

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Our Sponsors

Securities-Docket_260x125_14Sec

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events