Tag: Commissioners

Professor Roberta Karmel, Who Broke Barriers on Wall Street and in Washington, D.C., Dies at 86

Professor Roberta Karmel, a longtime educator and leading authority in domestic and international securities regulations who served as the first female commissioner of the U.S. Securities and Exchange Commission (SEC) among other distinguished accomplishments in public service, academia, and legal practice, died on Saturday, March 23. She was 86. *** Throughout her professional career, Karmel made a significant impact in…

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Despite SEC’s novel alignment on bitcoin ETF vote, it’s regulatory politics as usual

A recent SEC vote to approve a spot bitcoin ETF was both typical – in that the agency split, 3-2, on a controversial decision, and extraordinary – in that the three “yeas” consisted of SEC Chair Gary Gensler and the two Republican commissioners. But rather than representing a tectonic shift in the politics of regulation, the alignment of the five-member…

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Remarks to the 2023 Conference on SEC Regulation Outside the United States: Fifth Annual Scott Friestad Memorial Lecture — SEC Commissioner Mark T. Uyeda

However, enforcement actions are not subject to notice and comment. The only individuals involved in the discussions are the enforcement staff, the defendants, and their counsel. The language of enforcement orders is negotiated among them, and the full context of those discussions may not be included. While some may view an order as providing guidance on the SEC’s views, it…

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Not Regulators’ Job to Tell Americans What They Can and Can’t Speculate On: SEC Commissioner Hester Peirce – The Daily Hodl

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…

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Hester Peirce, Republican thorn in the SEC’s side | Financial Times

Peirce’s firm views have brought her both fans and vicious detractors, particularly on the social media site X, formerly Twitter. When she voted against forcing more disclosure on private funds in January, the hashtag #FireHesterPeirce started trending and opponents leapt on board with attacks, including on her physical appearance. Those who support Gensler’s regulatory agenda contend Peirce’s constant dissent damages…

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An SEC Dissenter Says the Regulator Must Ease Off Crypto | WIRED

But the SEC’s aggressive approach doesn’t sit well with one of its most senior figures. Hester Peirce, one of the SEC’s five commissioners, has formally disavowed the agency’s tactics on multiple occasions. She says the SEC’s actions have been driven by what she calls “jurisdictional maximalization”—launching cases in order to grow its mandate—but haven’t actually helped the crypto sector become more compliant.…

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Ex-SEC commissioner joins D.C. whistleblower law firm | Reuters

A former commissioner of the U.S. Securities and Exchange Commission is joining whistleblower law firm Kohn, Kohn & Colapinto as the U.S. regulator increasingly turns to tipsters for information in many of its largest cases. Allison Herren Lee, who is joining the Washington, D.C.-based firm as of counsel, said she would represent whistleblowers “to bring accountability to Wall Street” and…

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