Expect a tougher and more aggressive SEC (Compliance Week)

SEC Chairman Jay Clayton’s year-end departure will expedite the Biden administration’s plans to have a new SEC chair in place earlier in 2021. Lead comments by FrontLine’s Founder and President, Amy Lynch, recommend that firms tighten up their compliance before a strengthened SEC with a larger enforcement mandate gains traction. Where the focus has been on expanding rules that favored Main Street investors, Ms. Lynch sees a new SEC under Biden’s watch reverting back to a focus on larger institutional firms and money managers. See Compliance Week (one free view then subscription required), “Analysis: with Clayton leaving, SEC likely to target financial institutions”