SEC to get busy with rulemaking (ThinkAdvisor)

The SEC’s management processes related to its rulemaking have been likely undergoing an internal review. Amy Lynch, FrontLine’s Founder and President, cites leadership changes that occurred within the SEC’s Investment Management and Examinations divisions as shifting priorities on how to best finalize rules and maintain existing ones. With the SEC’s private fund rules now abated by a federal court decision, Ms. Lynch comments that the SEC is reviewing its impact and will be heavily focused on remaining rule proposals, needing to get busy on their agenda to meet their fiscal year goals. She expects that finalizing rules for advisers will fall more on Investment Management, where previously their focus was almost exclusively on funds. See ThinkAdvisor, “More SEC Rules in Peril With Private Fund Rule Strikedown”