Aguilar on the Future of the SEC

SEC Commissioner Luis A. Aguilar spoke at the Investment Company Institute’s Board of Governor’s Winter Meeting on Jan. 26.  In his remarks, he addressed the need for independent funding for the agency and the need to close loopholes in regulation, including hedge funds advisors, derivatives, and municipal securities disclosure.  He also recommended an SEC study on the growth of institutional ownership and the creation of a federal advisory committee to make recommendations to improve retail investor participation in SEC business.