The conservative-leaning SEC policies that have favored the Main Street investor the past four years may be re-prioritized by Biden to focus instead on enforcement on Wall Street – meaning an increase in investigations.
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Loosening Main Street to Tightening Wall Street
While he identifies as an independent, Chairman Jay Clayton has overseen a deregulatory push aided by votes from the five-member agency's two Republican commissioners and aligning with the Trump administration's conservative view of the role of government agencies.
With Biden's win and the forthcoming transition to a Democratic administration, Clayton's days at the helm of the nation's securities regulator are numbered.
On May 17, Colorado’s governor signed the groundbreaking Consumer Protections for Artificial Intelligence Act. The Act regulates...