SEC Commissioner Gallagher Delivers Remarks to Polish Regulators on Policy Priorities
SEC Commissioner Gallagher issued a statement to Polish securities regulators regarding drafting and implementing the country's new securities laws. Commissioner Gallagher briefly mentioned topics that are important to all securities regulators. He mentioned that capital markets must remain risk-taking markets, stating that eliminating risk eliminates opportunity, which can quash individual initiative and economic dynamism. Furthermore, Gallagher emphasized that regulators must strike a balance between protecting investors and maintaining efficient markets. He noted that the rules regulators implement have widespread influence over job creation and growth of business. In conclusion, he stated that regulators must always remember it is "the economic activity fostered by regulation, not regulation per se, that has inherent value."