SEC chairman defends 12b-1 fee crackdown against GOP criticism
As he heads for the door, the SEC chairman presided over a record 65 final rulemakings at the agency
But how a Democratic-led SEC interprets and enforces Reg BI depends on its chair
Total assets under management were $97.2 trillion, a 16.2% jump from 2018, according to the Investment Adviser Association
The issues cited by the agency include overcharging clients and failing to manage conflicts of interest
Even 50-50 Democratic control presents challenges for the president-elect
The commissioner suggested the SEC think about standardized reporting on climate risk for public companies and investment funds
There's a sense of relief that the extremes of both parties would be tamped down by a Biden presidency and a Republican Senate
That scenario could slow any attempt to change investment advice rules put in place under the Trump administration
Enforcement cases drop in latest fiscal year, but agency officials tout results obtained amid pandemic challenges
