Finalizing advertising rule, among other priorities, likely on SEC table for 2021 (IGNITES)

When the SEC transitions to an agency with a Democratic majority, it’s priorities will most certainly shift. Look for greater emphasis on ESG issues – including a possible ESG disclosures rule proposal – and revisiting regulations on proxy voting, as well as components of Regulation Best Interest. FrontLine’s Founder and President, Amy Lynch, believes a Biden SEC will also review the advertising rule and seek to propose and finalize amendments. Ms. Lynch adds that the Democratic led SEC should move toward more frequent rulemaking and tougher enforcement actions while providing more funding to regulators and ending the SEC’s hiring freeze put in place by the current administration. See IGNITES (subscription required), “White House Transition, Biden’s SEC May Target ESG, Proxies, Reg BI: Lawyers”