· Paul S. Atkins · U.S. Securities and Exchange Commission WikiTestimony Before the United States Senate Appropriations Subcommittee on Financial Services and General Government
Read full speech on sec.gov ↗ContextBudget testimony to the Senate subcommittee that funds the SEC, the US investor-protection agency, shortly after the new Chair took office with a deregulatory agenda.
Why it mattersThe new chair presents his agency priorities and funding needs to lawmakers who control its budget.
Problems raised
- The SEC must review weak points in its own systems.
- Investors need clearer disclosure of real risks.
- Politics must stay out of applying securities law.
Solutions proposed
- Assess and strengthen the agency's systems.
- Set clear rules of the road that encourage investment.
- Protect investors from fraud while keeping US markets attractive.