There's been very significant growing pains.
It's appropriate and reasonable for prosecutors to use their discretion, particularly when the legal standards are under review for possible change. Email evidence has formed the evidentiary record for many SEC enforcement actions in recent years, made possible largely because our regulations require broker dealers to keep certain required records.
The terms of the settlement ... align the interests of research analysts with those of investors, without precluding additional rulemaking if needed.
It's a tremendous achievement that the New York Stock Exchange in such a quick way has responded to changes in the marketplace.
I think what we have here now is a very significant set of rules, ... I think the Commission has made it clear we will act on these rules tomorrow, but these additional inquiries we're doing will help us find out if we need additional actions.
Copyright © 2024 Electric Goat Media. All Rights Reserved.