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> will be to not be overseen by the SEC in some important capacity. How would a securities exchange avoid being regulated by the securities and exchange commis

by hiatus 1y ago

> will be to not be overseen by the SEC in some important capacity. How would a securities exchange avoid being regulated by the securities and exchange commission?

hbarka 1y ago
When you have headlines like this: https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82ad8d https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82a...
- caminante 1y ago
  Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents. SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.
  - hobs 1y ago
    > SEC set to see hundreds leave through buyout, retirement offers https://www.politico.com/news/2025/03/21/sec-buyouts-retirement-offers-departures-00243673 https://www.politico.com/news/2025/03/21/sec-buyouts-retirem... > US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-investment-markets-divisions-cut-up-19-staff-after-buyout-program-2025-05-15/ https://www.reuters.com/business/world-at-work/secs-legal-in... > SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-... The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)
    - caminante 1y ago
      Going up-thread, here's the original claim under contention: >> will be to not be overseen by the SEC in some important capacity. Your articles don't dispute this. As for whether oversight will be "weaker" and more de-regulated, maybe. 1. There's a headcount reduction. At worst, there's a quote that some really experienced watchdogs are out the door. Hard to tell until we get outcomes. 2. As for withdrawal of proposals, look closer. > Although most observers doubted that the current Commission would adopt these proposals Which makes it sound like the proposals were just withdrawn for later submittal and new discussion. Footnote #1 goes into how this isn't really unprecedented, citing similar withdrawals (or resets) under the Biden admin.
      - hobs 1y ago
        Sure, I am just saying the comment about "hunting crooks more aggressively" seems to run counter to their anti-regulation stance, and their active lack of hunting crooks.
ceejayoz 1y ago
> How would a securities exchange avoid being regulated by the securities and exchange commission? By having a Governor who's friendly with the President? The President has a good amount of sway over the SEC. https://www.usatoday.com/story/money/legal/2025/03/03/sec-drops-lawsuit-crypto-kraken/81169844007/ https://www.usatoday.com/story/money/legal/2025/03/03/sec-dr...

by hiatus 1y ago

> will be to not be overseen by the SEC in some important capacity. How would a securities exchange avoid being regulated by the securities and exchange commission?

hbarka 1y ago

When you have headlines like this: https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82ad8d https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82a...

caminante 1y ago
Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents. SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.
- hobs 1y ago
  > SEC set to see hundreds leave through buyout, retirement offers https://www.politico.com/news/2025/03/21/sec-buyouts-retirement-offers-departures-00243673 https://www.politico.com/news/2025/03/21/sec-buyouts-retirem... > US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-investment-markets-divisions-cut-up-19-staff-after-buyout-program-2025-05-15/ https://www.reuters.com/business/world-at-work/secs-legal-in... > SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-... The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)
  - caminante 1y ago
    Going up-thread, here's the original claim under contention: >> will be to not be overseen by the SEC in some important capacity. Your articles don't dispute this. As for whether oversight will be "weaker" and more de-regulated, maybe. 1. There's a headcount reduction. At worst, there's a quote that some really experienced watchdogs are out the door. Hard to tell until we get outcomes. 2. As for withdrawal of proposals, look closer. > Although most observers doubted that the current Commission would adopt these proposals Which makes it sound like the proposals were just withdrawn for later submittal and new discussion. Footnote #1 goes into how this isn't really unprecedented, citing similar withdrawals (or resets) under the Biden admin.
    - hobs 1y ago
      Sure, I am just saying the comment about "hunting crooks more aggressively" seems to run counter to their anti-regulation stance, and their active lack of hunting crooks.

ceejayoz 1y ago

> How would a securities exchange avoid being regulated by the securities and exchange commission? By having a Governor who's friendly with the President? The President has a good amount of sway over the SEC. https://www.usatoday.com/story/money/legal/2025/03/03/sec-drops-lawsuit-crypto-kraken/81169844007/ https://www.usatoday.com/story/money/legal/2025/03/03/sec-dr...