FINRA had previously brought when they left their firms. This is a reversed fact situation, a broker-dealer fined for failing to keep its customer information from departing representatives.  

It is hard to dispute that rapidly expanding US government debt is anything other than terrible for the US economy in the near-immediate term. On the other hand, there seems zero political appetite or willingness by either party to take actions that would reduce the deficit. Accordingly, it would seem inevitable that the bank regulators must eliminate or substantially modify the Supplement Leverage Ratio so that banking organizations can hold more US government securities on their books.…

The argument that the new Administration is diminishing the reputation of the SEC is tough to make when the former Administration suffered an unprecedented run of defeats in court for exceeding its legislative authority and for failing to comply with procedural requirements.  

In these remarks, Chair Atkins and Commissioner Peirce articulate a critical philosophical approach that stands in sharp contrast to the one taken by the previous administration. It is an important change and one for the better. There was hardly a rule adopted under SEC Chair Gensler where the economic justification did not seem a complete pretense for imposing more regulation. Take, for example, the SEC's analysis of the costs of the expansion of dealer registration (which has since been…