The time has come to reform America’s stock markets. That was the message from Robert Jackson of the Securities and Exchange Commission during a speech Wednesday at George Mason University.
Regulators, he said, must remember that market participants will follow the economic incentives given to them. “Given power and a profit motive, even the most storied institutions will do what they must to maximize their wealth,” he said. “Nowhere has this been more true than in our stock markets.”
