SEC Chairman Clayton Shares His Thoughts With the Senate

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

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Additional contributor to this post:

Lloyd S.