As if 50% isn't enough, SEC Commish wants Enforcements Reduced

[laserhaas]

Link to tweet

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As reported by Economist


New commissioner at America’s main securities regulator causes a buzz

FOR ALL the talk about deregulation under President Donald Trump, when it comes to the financial industry the word used by many is “tailoring”—meaning trimming the loose threads of tangled rules, rather than unpicking them. An exception is Hester Peirce, who in January became one of the five commissioners at the Securities and Exchange Commission (SEC), America’s most important financial regulator. Since her appointment she has given a series of speeches with a polite tone and blunt message about the downsides of government intervention.

Though she has yet to gain a large following, her words have not gone unremarked. Her “arrival at the SEC is genuinely exciting”, writes Steven Lofchie, a securities lawyer who runs a popular (within the small world of regulation) blog. It is probably the first time the word has been used in connection with the SEC in years.

Thing is, even as early as 2017, the economy was down 33%; and other reports are as much as 50%

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[sandensea]

1. "She is similarly critical of the "fiduciary" rule, another Obama-era regulation..."

"...intended to ensure that financial advisers act in their clients’ interests."

Because how dare clients expect such a thing from banksters.

[laserhaas]

2. It hurts to laugh about that

But, it's so true

[sandensea]

3. Wry laughter.

What better way to define the Cheeto years.