On September 26, 2017, SEC Chairman Jay Clayton delivered to the U.S. Senate Committee on Banking, Housing and Urban Affairs his first testimony as Chairman. A copy of his prepared remarks may be found here.
Mr. Clayton’s testimony was fairly broad in scope, covering a variety of issues of concern to the Committee, from the SEC’s budget request to its activity in the enforcement arena. Of interest to BDIA’s were his comments on:
- Encouraging Initial Public Offerings and Investor Choice
- A Fiduciary Duty for Broker-Dealers
- Examinations of Broker-Dealers
Additional contributor to this post:
Lloyd S. Harmetz, lharmetz@mofo.com