Each year at the program "SEC Speaks," the Commission's
and staff gather to discuss recent events at the agency and future directions.
Comments by the Commissioners this year recapped past events and raised
important issues for future discussion.
Chairman Schapiro reviewed recent reorganizational
efforts and the agency as well as selected rule making. Those include:
Commissioner Daniel Gallager focused his comments on
issues regarding the question of failure to supervise:
Commissioner Luis Aguilar discussed the timely issue of
political contributions and the Supreme Court's decision in Citizens United in
2010. The Commissioner noted that "shareholders require uniform disclosures
regarding corporate political expenditures for many reasons, including that it
is impossible to have any corporate accountability or oversight without it."
The Commission has a responsibility to "ensure that investors are not left in
the dark while their money is used without their knowledge or consent" the
Finally, Commissioner Tory Paredes voiced concerns
regarding the Volker rule. Those include:
For more cutting edge commentary on
developing securities issues, visit SEC Actions, a
blog by Thomas Gorman.
more information about LexisNexis products and solutions connect with us
through our corporate site.