The SEC has issued a request for comment on Review of Existing Regulations. This request comes according to the SEC, based upon the “dynamic and fast-moving” financial markets. It also comes because President Obama issued an order in July that all regulatory agencies might consider a review of rules that might be “outmoded, ineffective or excessively burdensome, and modify, streamline or repeal them”.
Given the staff shortage at the SEC and the fund shortage this seems to be just another way to avoid the enactment of Dodd-Frank.
What rules do you think should be modified, streamlined or repeal? Send me your comments.