March 13, 2023
Don’t Worry: The SEC is on the Case
As we strap in for what could be a wild ride in the markets this week, SEC Chair Gary Gensler released the following (somewhat cryptic) statement last night:
“In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability and identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly. Without speaking to any individual entity or person, we will investigate and bring enforcement actions if we find violations of the federal securities laws.”
While this seems to be stating the obvious, we will take it as reassurance that the SEC is on the case and monitoring activities in the markets as they happen.
– Dave Lynn