In a new interview with CNBC, Peirce says that as a US regulator, it’s not her job to tell people what they can or cannot purchase or speculate on.
“I think people speculate about lots of different things, especially in low-interest rate environments. People speculate about lots of things. It’s not my job as a regulator to tell people what they can and can’t purchase and what they can and can’t speculate about.”
According to the SEC Commissioner, speculation is one of the driving forces of the American economy. Peirce says that the regulators’ role is to provide a framework, which should not be mistaken as a “seal of approval” for the assets in question.
‘Enforcement 40’ for 2020
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