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Prepared Remarks Before the 2022 SEC Investor Advocacy Clinic Summit

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks Before the 2022 SEC Investor Advocacy Clinic Summit

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler announces guidance on account recommendations.

Problems raised
  1. Account recommendations may not serve retail investors.
  2. Crypto and complex products carry risks.
  3. Robo-advice raises new questions.
Solutions proposed
  1. Issue a staff bulletin on account recommendations.
  2. Apply securities laws to all products.
  3. Give every investor time-tested safeguards.
Read full speech on sec.gov ↗

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