Skip to main content

Former Securities and Exchange Commission Chairman Jay Clayton famously more or less took his first year on that job off. It looks like his presumed successor, Gary Gensler—assuming there is a Senate left to confirm him after Mitch McConnell carpet bombs itmight get to do the same.

Securities and Exchange Commission acting chair Allison Herren Lee said disclosure rules have failed to help everyday investors especially as they focus more on environmental and social issues. She called the N-PX forms that companies file “unwieldy, difficult to understand, and difficult to compare across fund complexes.”

“It is high time to revisit this critical form and make it useful in creating needed transparency around the fundamental exercise of shareholder voting,” Lee said in a speech to the Investment Company Institute, the fund industry’s main trade group.

SEC’s Lee seeks more proxy vote details from powerhouse funds [Reuters]

Related

gensler

Gary Gensler To Do More In First Months Than Jay Clayton Did In Four Years

The little regulator that could has 10b5-1 plans, SPACs, Twitter, accounting and chief compliance officers in his sights.

gensler

Gary Gensler Comes Not To Mourn SPACs But To Bury Them

The SEC comes for the ailing sector with a coup-de-grace.

(Getty Images)

SEC Making Sure Gary Gensler Will Feel Right At Home

You can authorize and investigation and you can authorize an investigation and you and you and you, too!

gensler

Maybe Having A Crypto Expert At SEC’s Helm Isn’t So Great For Crypto Company Being Sued By SEC

Gary Gensler knows what a cryptocurrency is when he sees it, and XRP may be right in his blind spot.

gensler

Gary Gensler Hires Gary Gensler For Job Gary Gensler’s Been Waiting Seven Years For

Looking for comment letters on undoing everything Jay Clayton did over the last four.

By US government [Public domain], via Wikimedia Commons

Gary Gensler Stands Astride History Yelling Stop

Actually, he’s not saying anything. Just suing.