Biden’s SEC will seek greater transparency for investors (BARRON’S)

Investors with an SEC under Biden’s watch should benefit from greater regulatory protections, access to new markets, and disclosures by investment firms to help better measure risks. Areas ripe for SEC action include ESG disclosures, cryptocurrency regulation, proxy rules more favorable to shareholders, and scrutinizing online trading and its associated GameStop like market volatility. Expect the SEC to also revisit Regulation Best Interest (Reg BI) and even some unfinished business from the Dodd-Frank Act. On cryptocurrency regulation, Amy Lynch, FrontLine’s Founder and President, states that the SEC may look at how digital assets, when deemed securities, could be packaged into ETFs and sold in line with existing regulations, thus offering standing protections to investors. See BARRON’S (subscription required), “The Biden Administration Is About to Put Its Stamp on Financial Regulation. What Investors Can Expect.”