The Future of the Securities and Exchange Commission in a Changing World

The Securities and Exchange Commission has a three-part core mission: protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation.

Significant changes have taken place in the SECs world during the last two decades. The securities markets have become truly international, and new foreign regulatory regimes have arisen. New, and materially different, alternative investment media have emerged, and the markets for securities have become increasingly automated. Technological change has affected traditional SEC activities not only in securities markets, but in disclosure and enforcement. The SEC needs to respond to and utilize new technology and to anticipate likely future technological advances.

In the Dodd-Frank Act and the JOBS Act, Congress has increased the SECs responsibilities, altered its regulatory structure, and required it to share activities with other agencies, in addition to a myriad of new responsibilities.  It is from this background that Roderick M. Hills proposed a program to identify thoughtful leaders in their respective fields to come together to examine and discuss the future of the SEC.

On May 1st, 2015, at The Center for Strategic and International Studies, over sixty men and women from government, financial regulators, the private sector, and academia attended a day-long Assembly on "The Future of the Securities and Exchange Commission in a Changing World."   The event was inspired by --and in honor of --former SEC Chair and American Assembly director Roderick M. Hills.

Co-chaired and directed by former SEC chairs David S. Ruder, Harvey L. Pitt,  Mary Schapiro, and founding board member of the Public Company Accounting Oversight Board, Charles Niemeier, panels addressed issues on disclosure, enforcement, regulation of investment markets, and the role of the SEC both domestically and abroad.

SEC Chair Mary Jo White addressed the participants, and engaged in a Q&A with program chairs David S. Ruder and Harvey L. Pitt.  

The event was cosponsored with The Hills Program on Governance at CSIS, and the  Zicklin Center for Business Ethics Research at the Wharton School of the University of Pennsylvania. 

A report from the event is forthcoming.

On May 1st, 2015, at The Center for Strategic and International Studies, over sixty men and women from government, the private sector, and academia attended a day-long Assembly on "The Role of the SEC in a Changing World." 

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