Regardless of which side is correct, the key point is that the agency is heading toward the kind of gridlock on Capitol Hill and Congress. If that is the case its independence is being compromised; the losers will be the registrants, markets and the public. Transparency and investor protection will be lost in a cloud of political posturing. In the end, the agency will not be able to fulfill its historic mission. Before that happens perhaps the Chair and the Commissions can take a step back and consider the mission of the agency and their responsibility to help implement it.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn