The cost to every SEC-registered issuer producing information required by the rule will be astronomic, and that cost will hit every issuer, regardless of business. The information itself will be of little interest or use to the average citizen. Its users will be investment advisers who make capital allocation decisions, and the SEC which regulates advisers and thus has the power to push those decisions in favored directions. 

On top of that, the thirty day comment period for…

This issue has required attention for going on two decades. When the SEC clamped down on the conflicts of interest in the production of investment research, it also reduced much of the incentive for firms to produce research while raising the costs of such production. However justified the regulatory actions were, some greater consideration should have been given to their obvious negative consequences and as to whether those negative consequences might be to some extent…

Although the MSRB document is addressed to investors, both broker-dealers and investment advisers should consider the suitability issues raised by the MSRB's statement.  

While President Biden's on digital assets has been interpreted by some to reflect an open-mindedness on digital assets, recent statements by federal regulators and legislative representatives appears to be moving in a contrary direction - with Senator Brown's statement being the most aggressive example. (See also ; ; .) Senator Brown echoed a phrase used to describe the Executive Order, saying that the "whole of government" must be put to the service…