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Should the SEC Ease the Communications Rule?
Yahoo Finance· 2025-10-21 18:10
Is that a personal call? Eh, whatever. Under former chair Gary Gensler, the Securities and Exchange Commission zeroed in on rooting out off-channel communications and improper record storage. But with a new administration in charge, a major Wall Street trade group is urging the agency to rethink rules it calls “burdensome, costly and unnecessary.” During the Biden years, the SEC reached nearly 100 settlements for record-storage violations, totaling over $2.2 billion in penalties, according to the Securiti ...