SEC failed to support proposals with evidence or data is evident in its proposal to regulate outsourcing of services by investment advisers. Commissioner Mark Uyeda expressed concern about the Commission's belief system regarding its proposed Regulation Best Execution.
Securities and Exchange Commission proposed Regulation Best Execution. Most broker dealers have been subject to the Financial Industry Regulatory Authority’s best execution rule 5310, but if Regulation Best Ex is adopted, the SEC would begin to regulate best execution directly.
Court of Chancery developments concerning a board’s duty to monitor and provide oversight over a corporation’s operations called Caremark claims, will likely intersect with the SEC’s proposed new ESG disclosure obligations to create a new category of corporate risk.
The SEC and CFTC whistleblower reward programs recently reported their FY 2022 results to Congress and both programs continue to provide great returns for taxpayers by using whistleblowers to supercharge the agencies’ ability to combat fraud and conserve agency resources.
The SEC highlighted ESG related issues as one of only a few areas they are focused on. Biden administration added federal contractor greenhouse gas emissions disclosure. Republican promised antitrust investigations would be likely to proceed under the aegis of House committees.