SEC commissioner bemoans lack of public dialogue, calls for CCO input


A commissioner at the Securities and Exchange Commission (SEC) said the agency should form an advisory committee comprised of chief compliance officers as part of a wide-ranging critique of the agency’s efforts to engage with the public.

Hester Peirce, part of the Republican minority among the agency’s five commissioners, said she has found the perspective of CCOs to be “invaluable in understanding how rules actually operate” during remarks delivered at last week’s SEC Speaks event.

The SEC should scale back its rulemaking agenda and draft new policies only after stakeholders have helped identify a problem and solution, said Peirce.

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