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The Changing Nature Of Form PF: Statement On Amendments To Form PF, SEC Commissioner Hester M Peirce, May 3, 2023

<p><span>Thank you, Chair Gensler. This expansion of Form PF data collection is the latest reflection of the Commission&rsquo;s unquestioning faith in the Benevolent Power of More, a faith that I do not share. We have not explained sufficiently why we need the information we are mandating and why we need it so quickly. The additional information may tempt regulators to intervene in markets in ways that would undermine long-term market resilience and exceed jurisdictional bounds. Accordingly, I cannot support the rule.</span></p>

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