Financial industry braces for Biden SEC pick (MarketWatch)

Despite the prospect for federal policy gridlock with a divided Congress, the financial markets may be where a Biden administration has the greatest influence. Expect stricter enforcement and more aggressive regulation with a new SEC Chair, even with a revealing number of actions and penalties under the current SEC. Amy Lynch, FrontLine’s Founder and President, states that the SEC data can be misleading. Ms. Lynch explains that many of the cases brought were on the same topic and therefore had less overall impact on the industry than they might appear. She further adds that a deregulatory agenda mandated from the top also caused enforcement actions to lack the quality and teeth of former SEC administrations. See MarketWatch, “From climate change to free-trading apps, brace for an aggressive SEC under Biden, experts say“