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Festivus, Fortnite, and the SEC’s relationship with institutional investors

Joe Mont | March 6, 2019

What do Festivus, Fortnite, and institutional investing have in common?

They all managed to be touchpoints in a Tuesday speech SEC Commissioner Hester Peirce delivered at the Council of Institutional Investors spring conference.

“Institutional investors are the market’s repeat, long-term, and bulk players. Costs that are not important to the occasional investor add up to amounts that matter greatly to investors that trade frequently or in large size,” Peirce said. “It is helpful for me to know, for example, the types of information you find to be material in making decisions about where to trade. More generally, your voices are very important in discussions about whether and how to change market structure in both the equity and the fixed income markets. In particular, you have emphasized the importance of market transparency in our thinking about effective market structure.”

Peirce noted her...

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