As the broader debate on financial services regulatory reform rages on, the U.S. Chamber of Commerce has put in its two cents’ worth on how to overhaul the Securities and Exchange Commission.
A report released by the Chamber’s Center for Capital Markets Competitiveness details 23 recommendations for revamping the SEC. Seven of the recommendations relate to the agency’s organizational structure and management; four relate to improving the exemptive order process; six relate to improving the self-regulatory agency rule filing process; and the remaining six relate to improving the no-action letter process.
