SEC Operations

"Having a robust private market contributes to the health of our economy, and we should not look to impose public-market-style regulations on private markets"

"Income and wealth thresholds are not the sole measure of financial sophistication"

"Today’s adoption will modernize the Names Rule in a number of ways for today’s markets"

"As long as fund managers stick within the confines of plain English or industry usage, they have reasonable discretion to define terms in a fund’s ...

"These are common sense changes that protect investors by ensuring that a fund says what it means, and means what it says"

"I am particularly concerned with the potential lack of transparency as to how the Commission’s staff will administer the rule"

"The fund industry today is diverse, with more funds pursuing ESG strategies or reporting more holdings in derivatives"

"The Commission argued that registered smaller advisers could sidestep the rule’s costs by reducing their assets under management below the required SEC registration threshold. Urging smaller ...

"By levying punishment on a registered representative for failing to red-flag a transaction and consequently failing to make an internal report, we are encouraging registered ...

"Today’s actions would further secure login protocols by requiring every person filing something into EDGAR to login with individual credentials and to use multi-factor authentication"