· Paul S. Atkins · U.S. Securities and Exchange Commission WikiRemarks at the Texas Stock Exchange Event: Welcome to the Boom Belt: A Return to First Principles in Public Markets
Read full speech on sec.gov ↗ContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersSpoken at the new Texas Stock Exchange, the SEC Chair argues for disclosure rules focused on what investors need.
Problems raised
- SEC disclosure rules drifted away from what investors need.
- Public markets lost appeal for companies.
- Frivolous litigation burdens innovators.
Solutions proposed
- Return disclosure to materiality for a reasonable investor.
- Make public markets the natural place to raise capital.
- Protect investors from fraud while sparing innovators.