{"id":5528,"date":"2013-11-12T00:00:00","date_gmt":"2013-11-12T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/11\/sec_members_discuss_agencys_co"},"modified":"2022-05-04T14:39:10","modified_gmt":"2022-05-04T19:39:10","slug":"sec-members-discuss-agencys-co","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-members-discuss-agencys-co\/","title":{"rendered":"SEC Members Discuss Agency\u2019s Core Mission, New Penalty Policy, and Private Offerings in the Wake of General Solicitation"},"content":{"rendered":"

SEC Member Presses Regulator to Stick to Its Core Mission When Figuring Out Priorities<\/strong><\/p>\n

Securities and Exchange Commission member Daniel Gallagher wants the regulator to focus more on its mission when determining its regulatory agenda. He said that the SEC\u2019s three mandates must always be considered: maintaining markets that are efficient and fair, making capital reform happen, and protecting investors.<\/p>\n

Speaking at a AICPA\/SIFMA Financial Management Society Conference, Gallagher said the agency should remove credit rating references from its rules, start reassessing the US market structure, put into place proxy advice reform, set up a new Regulation A Plus exemption, take a closer look at fixed-income regulatory issues, and reassess its disclosure regime. He believes that excessive credit rating dependence was a central cause for the failure of securitized products that led to the 2008 economic crisis. Gallagher says that the SEC should have taken out the credit ratings references years before the Dodd-Frank Wall Street Reform and Consumer Protection Act.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

SEC Member Presses Regulator to Stick to Its Core Mission When Figuring Out Priorities Securities and Exchange Commission member Daniel Gallagher wants the regulator to focus more on its mission when determining its regulatory agenda. He said that the SEC\u2019s three mandates must always be considered: maintaining markets that are efficient and fair, making capital […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4026,3760],"tags":[],"class_list":["post-5528","post","type-post","status-publish","format-standard","hentry","category-jobs-act","category-sec-enforcement"],"yoast_head":"\nSEC Members Discuss Agency\u2019s Core Mission, New Penalty Policy, and Private Offerings in the Wake of General Solicitation — Investor Lawyers Blog — November 12, 2013<\/title>\n<meta name=\"description\" content=\"SEC Member Presses Regulator to Stick to Its Core Mission When Figuring Out Priorities Securities and Exchange Commission member Daniel Gallagher wants — November 12, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, 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