“This is one of the largest regulatory agendas we have seen from the SEC in many years,” said one former SEC official.
: disclosure about the diversity of board members and nominees.These proposed ESG rules are being closely watched by Wall Street. Dozens of mutual funds and Exchange Traded Funds now offer what they claim are ESG-focused investments.
Still, it's not clear how popular the ESG funds are at the SEC. Gensler has also said he would like companies and investment advisers to disclose what criteria they are using to define what constitutes an ESG-type investment.Gensler and his staff have also made it clear they want to know more about how corporate America is spending its profits, how executives are compensated, and how those executives buy and sell their shares.
"We have been calling for a review of market structure for some time, but let's be careful not to try to fix things that may not be broken. The retail investor is getting a better deal than they ever have."While there are no explicit proposals on cryptocurrency, Gensler and his staff will be very active deciding what comes under their jurisdiction.
"There has to be agreement in the division responsible for that rule with the SEC commissioners, which can be a very political process," she told me. "The key is, whether the proposal is on the minds of the majority." "The point of disclosure is, do people have enough information to make an informed decision?," one SEC watcher, who asked to remain anonymous, told me.
"The bottom line is, he's not promising you he's going to do this. At the end of the day, he's going to take a small number of topics, and likely we will see more disclosures, but it's unlikely he's going to implement dramatic changes.""I'd be surprised to see them move on the ESG-type proposals," he told me. "Rules on the environment will be very controversial.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms – Regulation Bitcoin NewsNew SEC proposal could give officials sweeping new powers to scrutinize cryptocurrency platforms, including decentralized finance (defi) protocols, warned the commissioner. crypto bitcoin $BTC
Read more »
Alphabet’s Historic Stock Split Means More Investors Can Buy Shares—But Here’s What Analysts SayAlphabet’s stock split presents a “buying opportunity” with shares set to jump, Wall Street analysts predict.
Read more »
Alphabet’s Historic Stock Split Means More Investors Can Buy Shares—But Here’s What Analysts SayAlphabet’s historic stock split means more investors can buy shares—but here’s what analysts say: by skleb1234
Read more »