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 process