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.
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Characterized by the White House as “the most significant executive action any President has ever taken to protect Americans’ data...
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