SEC Seeks Public Comments on Rules

Submitted by Jorina Fontelera on Wed, 07/28/2010 - 09:12

In accordance with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was recently signed into law, the Securities and Exchange Commission (SEC) announced that it is making it easier for the public to provide comments as the agency sets out to make rules and amendments.

To facilitate public comment, the SEC is providing a series of e-mail links on its website where the public will be able to comment even before the agency proposes regulatory reform rules and amendments. The SEC also will provide greater public disclosure of meetings with SEC staff and hold public hearings on selected topics.

"It has not even been a week since the President signed the regulatory reform legislation into law, but at the SEC we are already working to fully implement the dozens of studies and rulemakings required of our agency," Chairman Mary L. Schapiro said in a statement. "We recognize that the process of establishing regulations works best when all stakeholders are engaged and contribute their combined talents and experiences. We look forward to preliminary public comments in these areas."

The public can provide preliminary comments on the areas in which the SEC will be engaged in rulemaking and studies over the next 18 months. Comments will be posted on the website.

Bookmark/Search this post with:

The New York State Society of Certified Public Accountants (NYSSCPA) encourages you to add a comment to this discussion.  You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law.  Please note that NYSSCPA reviews all comments prior to posting. NYSSCPA may edit comments for clarity or to keep out questionable or off-topic material.  All comments should be relevant to the post and remain respectful of other authors. To view the full “NYSSCPA Blog Terms and Conditions,” click here.