Eric J. Pan, President and CEO of the Investment Company Institute expressed dismay with a rapid and seemingly disjointed approach to SEC rulemaking.
News & Insights
Dissents to recent SEC rulemakings are garnering attention for their tone and for their challenges to the agency's legal reasoning and authority.
The Investment Company Institute urged the SEC to reconsider its proposed rulemaking in several areas, arguing that the aggregate impact of "significant deficiencies" in the "interconnected" rulemakings are likely to have negative impacts on regulated investment funds.
At a hearing before the Senate Appropriations Subcommittee on Financial Services, Senator Joe Manchin (D-WV) challenged SEC Chair Gary Gensler on his intention to move forward on the proposed Climate Disclosure rule.
House Financial Services Subcommittee Chair Bill Huizenga (R-MI) and House Appropriations Subcommittee Chair Steve Womack (R-AR) requested a briefing from the SEC as to whether it has conducted a "sufficient" economic analysis of proposed regulations on the private fund market.