U.S. Chamber Report Proposes Transformational Reform of the SEC
On December 14, the Chamber’s Center for Capital Markets Competitiveness (CCMC) released U.S. Securities and Exchange Commission: A Roadmap for Transformational Reform, calling for increasing commission from five to seven members as part of 28 recommendations to turn around the Agency.
In order to archive transformational reform, the report recommends:
- Developing a bold and clear plan
- Putting someone in charge of implementing the plan
- Removing statutory and practical obstacles
- Tying increased funding and resources to the transformation proces
Click here to download the report.
Recent Comment Letters
1/24-Comment Letter to the CFPB Regarding the Small Business Provisions of the Dodd-Frank Act.
1/17-Letter to the Federal Reserve, FDIC, SEC, OCC, and CFTC Regarding Prohibitions and Restrictions on Proprietary Trading and Certain Interests in and Relationships with, Hedge Funds and Private Equity Funds.
1/9 – Letter to the PCAOB on Improving the Transparency of Audits.
12/19 – Comment Letter to FSOC Regarding Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies.
12/16 – Joint Comment Letter to the FIO on the Report to Congress on How to Modernize and Improve the System of Insurance Regulation in the U.S.
12/16 – Joint Comment Letter to SEC Regarding Study to Determine the Extent to Which Private Rights of Action Under the Antifraud Provisions of the Securities Exchange Act of 1934.
12/7 - Letter to the Senate Opposing the Nomination of Richard Cordray as Director of the CFPB
12/5 – Joint Comment Letter to the CFPB Regarding Notice of Modified Privacy Act System of Records.
11/17 – Letter to Chairman Schapiro Regarding Money Market Funds.
11/17 – Comment Letter to the Federal Reserve, FDIC, SEC, and Office of the Comptroller of the Currency Regarding Volcker Rule Re-Proposal and Extension Notice.
11/15 – Letter to Senators Reed and Crapo Regarding Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment holds a hearing entitled “Management and Structural Reforms at the SEC”
11/14 – Letter to The Honorable Scott Garrett and The Honorable Maxine Waters Supporting H.R. 2308, the “SEC Regulatory Accountability Act”.
11/11 – Comment Letter to FINRA on Proposed Amendment to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements.
11/8 – Comment Letter to the Department of Treasury Regarding Post-Employment Restrictions for the Employees of the Department of Treasury.
11/7 – Comment Letter to ISS Regarding 2012 Draft Policies
11/7 – Coalition Comment Letter to ISS Regarding Proposed 2012 Proxy Voting Policy on Political Spending.
11/7 – Letter to the SEC Regarding Companies Engaged in the Business of Acquiring Mortgages and Mortgage-Related Instruments.
11/7 – Letter to the SEC Regarding Treatment of Asset-Backed Issuers Under the Investment Company Act.
Click here to view all comment letters.