Capital Markets Competition and SEC: A Comprehensive Guide
During his keynote speech at the American Bar Association’s Federal Regulation of Securities Winter Meeting on December 5, 2024, Securities and Exchange Commission Chair Gary Gensler highlighted the importance of protecting investors and maintaining fair and efficient markets.
Gensler emphasized the SEC’s role in overseeing and regulating the securities industry, ensuring compliance with laws and regulations to safeguard investors’ interests. He pointed out the Commission’s focus on transparency, accountability, and integrity in the financial markets.
The SEC Chair also discussed the digital transformation of the financial industry, noting the increasing use of technology and digital assets in the securities markets. He highlighted the need for regulatory frameworks to adapt to these changes to prevent fraud, manipulation, and other illicit activities.
Gensler acknowledged the challenges posed by cybersecurity threats and the importance of enhancing the resilience of market infrastructure to protect against cyber attacks. He emphasized the need for collaboration between regulators, industry stakeholders, and other government agencies to address these evolving risks effectively.
In conclusion, Gensler reaffirmed the SEC’s commitment to its mission of protecting investors, maintaining fair and orderly markets, and facilitating capital formation. He emphasized the importance of proactive regulation, market transparency, and investor education to ensure the integrity and stability of the securities markets.
