TheCorporateCounsel.net

October 25, 2022

A Tale of Two SECs

I would say that just about anyone who has worked at the SEC has at some point encountered the momentary confusion in a conversation when someone you are speaking with thinks that you are associated with the Southeastern Conference, not the Securities and Exchange Commission. SEC Chair Gary Gensler picked up on this theme in a speech at the SIFMA Annual Meeting yesterday, setting up his remarks by noting how both the Commission and the Southeastern Conference were born in 1933, and both organizations are focused on competition. The speech focused on the role of competition in what the Securities and Exchange Commission does, and how the agency employs the tools that it has across the fixed income, equity, and private markets.

Broc blogged about this amusing comparison of the two SECs a decade ago.

– Dave Lynn