Mercatus Scholar Hester Peirce Discusses How SEC Should Renew Its Mission

The Mercatus Center published an article by Mercatus Scholar and former Congressional and SEC staff attorney Hester Peirce titled "On Its 80th, How Can the SEC Renew Its Mission?" The article discusses how the 80-year-old SEC should change the way it fulfills its mission.

According to Ms. Peirce, the SEC should move away from making decisions for investors and instead work to "foster investor skepticism" to ensure that the investors themselves are asking questions before investing their money. Additionally, Ms. Peirce argued that the SEC should take care not to harm investors inadvertently by imposing costs on companies and, subsequently, shareholders.

She went on to recommend that the agency focus less on equity market structure and more on "issues of perhaps more pressing importance" in the municipal and corporate bond markets.

Click here to view "On Its 80th, How Can the SEC Renew Its Mission?" by Hester Peirce.