New SEC rules can affect individuals
The SEC is not only putting out twice the amount of rules and updates as the previous two White House Administrations, they’ve shortened the time allowed to review them. Ken Bentsen, President and CEO of SIFMA, says rushing through multiple proposals simultaneously, without understanding their effect on each other, increases the possibility of bad outcomes.
Bentsen wants the SEC to focus more on security to prevent data breaches which can harm individuals and slow down their ‘fast and furious’ rule making.
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Published: Wednesday August 31, 2022