<p><span>Today, the Commission will consider a proposal to enhance disclosure requirements for order execution quality. I am pleased to support this proposal because, if adopted, it would improve transparency on execution quality and facilitate investors’ ability to compare brokers, thereby enhancing competition in our markets.</span></p>
<p><span>Today, the Commission will consider a proposal to establish a Commission rule setting forth a best execution standard and accompanying framework for broker-dealers. I am pleased to support this proposal because, if adopted, it would help ensure that brokers have policies and procedures in place to uphold one of their most important obligations: to seek best execution when trading securities, whether equities, fixed income, options, crypto security tokens, or other securities.</span></p>
<p><span>Today, the Commission will consider whether to adopt final rule amendments to modernize the electronic recordkeeping requirements for intermediaries such as broker-dealers and security-based swap dealers. I am pleased to support these rule amendments because, if adopted, these updates would bring the Commission’s electronic recordkeeping requirements in line with technological innovation.</span></p>
<p><span>Good afternoon. Thank you for the invitation to address the Association of Asian American Investment Managers (AAAIM).</span><span> Over the past year, I have appreciated getting to know the AAAIM team of Jim Park, Kit Canlas, and Alyssa Lee, and their efforts to carry out AAAIM’s mission. I also want to recognize Ginger Lew for her efforts, both as an AAAIM co-founder and as a dedicated public servant. And, finally, I would like to recognize Maeley Tom, another AAAIM co-founder, who – eighteen years ago – reached out to me, someone who was brand new to public service in state government in Sacramento, and whose career continues to inspire.</span></p>