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July 27, 2010
The SEC expands the comment process...
...perhaps first and foremost to ease the burden of the massive rulemaking that the financial reform foisted upon it. See today's NY Times ("SEC Expands Process For Public Comments On New Financial Rules" by Edward Wyatt) for details.
Personally, I don't think the timing of the public's comments is determinative - a wary world sounded alarms about credit rating agencies and abusive short sales long before the related reforms were finalized. The trick would seem to be to crystallize and voice public outcry contemporaneously with polemic Commissioner votes.
In any event, the SEC Chair's comments on the liberalized rulemaking process can be found here:
http://www.sec.gov/news/speech/2010/spch072710mls.htm.
---JSC, 7/27/10
July 27, 2010 | Permalink
