Despite its budget woes, the Securities and Exchange Commission’s rulemaking frenzy will maintain its frenetic pace in the months ahead, according to recent remarks by its chairman.
While the Commission’s rulemaking agenda was busy before the July passage of the Dodd-Frank Act, the new law has thrown it into overdrive, as detailed in a Feb.4 speech by its chairman, Mary Schapiro. In connection with the Act, the SEC has already proposed 24 rules, adopted six final and two interim rules, and approved two proposals from the self-regulatory organizations, and there’s still lots more to come in the months ahead, she told attendees at a Practising Law Institute event in Washington D.C.
