It’s likely that the initial regulatory agenda under now President Biden would include issues that are important to both him and his nominees for regulatory posts, and could be helped along by Democratic control of Congress. According to Amy Lynch, FrontLine’s Founder and President, this could include rule proposals on ESG disclosures, and cases involving cryptocurrencies. Also, expect a SEC under Biden to ramp up enforcement activity of Wall Street firms, whereby existing rules will be interpreted more vigorously than under the Trump administration. Ms. Lynch further comments that a new law on insider trading is in the realm of possibilities with a Biden administration, adding that a refocused SEC would also be expected to pursue more insider trading cases. See Compliance Week (one free view then subscription required), “What Senate control means for Biden’s regulatory agenda”
Expect Biden to push for tough regulatory agenda (Compliance Week)
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