SEC Chairman Jay Clayton recently delivered a highly encouraging maiden-run speech at the Economic Club of New York that set forth a fundamental roadmap for his tenure at the SEC. The ultimate outcome should be less partisan politics at the agency and more focus on core issues confronting investors and the capital markets.
Almost a decade after the financial crisis, in addition to repairing damage caused by the flawed Dodd-Frank law, policymakers must work swiftly to wind-down Fannie Mae and Freddie Mac, the two institutions at the heart of the last financial crisis.
This week, the U.S. Department of Labor’s highly controversial fiduciary rule — crafted during the Obama administration — is slated to go into effect. Fortunately, it is not too late for Labor Secretary Alexander Acosta to take decisive corrective action in light of recently changed circumstances to put the entire flawed rule on hold, but time is running out.
In a CNBC Squawk on the Street interview, Patomak CEO Paul Atkins discusses Trump’s agenda, economic policy ideas, and continued focus on job creation and economic growth through key legislative initiatives.
Paul Atkins, Patomak Global Partners CEO and former SEC commissioner, discusses the confirmation hearing for Trump's pick to head the SEC, Jay Clayton, and the deregulatory push from the administration.
The Securities and Exchange Commission said it is marching ahead with inspections, company filing reviews and enforcement of financial regulations, even though the new administration is painting a future free from such rules.
The Securities and Exchange Commission’s Division of Investment Management recently issued guidance for investment advisers about the use of robo-advisers, including suggestions on how to fulfill disclosure, suitability, and compliance requirements under the Investment Advisers Act of 1940, “given the unique challenges and opportunities presented by these programs."
Wall Street Journal CFO reporter Tatyana Shumsky writes:
Companies must continue to comply with the Securities and Exchange Commission’s rules on disclosing “conflict minerals” and the ratio comparing executive pay to the median employee, said Shelley Parratt, acting director of the SEC’s division of corporation finance, on Friday.
SEC acting chairman Michael Piwowar in recent weeks has requested public comment on the two provisions of the Dodd-Frank overhaul law. Mr. Piwowar also instructed SEC staff to look at the rule mandate and see if alternate interpretations could offer some relief to companies trying to comply.
Patomak Global Partners CEO Paul Atkins joins Bloomberg’s Daybreak Americas to talk about the changes in how companies approach Initial Public Offerings in the U.S., and the role of the SEC in providing investor protections, including ensuring that investors receive meaningful, material information to make investment decisions.
President Donald Trump is scheduled to meet with a group of chief executives Friday morning to discuss issues including regulation, trade and women in the workforce. Here is the list of the CEOs who are expected to speak about each topic, as circulated by the White House.
Regulation Paul Atkins, former Republican member of the Securities and Exchange Commission
The Securities and Exchange Commission's Office of Compliance Inspections and Examinations recently released its 2017 priorities. This year's areas of focus include examining for cybersecurity; investor protection initiatives; and identifying market-wide risks, including money market fund compliance with new rules and systems compliance integrity. Patomak Global Partners has deep expertise in risk management and compliance to help firms evaluate and enhance existing compliance programs.
Investment advisers’ branch offices will be subject to heightened Securities and Exchange Commission (SEC) scrutiny according to a recent SEC Office of Compliance Inspections and Examinations (OCIE) Risk Alert.
Wall Street Journal reporter Tatyana Shumsky writes:
The Securities and Exchange Commission is likely to get a new chairman no matter who wins Tuesday's presidential election, raising doubts about the agency's priorities....
...The SEC says it already has completed nearly 80% of the rulemaking under the Dodd-Frank financial overhaul law, which was enacted in 2010. The agency's remaining tasks under the law include completing rules requiring companies to report how executive pay is linked to performance and to outline their policies on clawback and hedging and how they are enforced...
"A Trump chairman could go look at what's been done and go back and amend things," said Daniel Gallagher, a former Republican SEC Commissioner and now a partner at Washington-based consulting firm Patomak Global Partners LLC.