- Paul Atkins, the constitutional oath last week, was sworn in A again will be a newly authorized after a flood of departures due to Duj. Experts said that the bases making agenda is likely to see major transformations, but Atkins does not shrink violet when it comes to enforcement work.
Three out of the four four lawyers in the Securities and Exchange Committee expect that Employment priorities It will turn, but do not disappear recently The constitutional oath The Chairman of the Board Paul Atkins is at the head of the agency.
Atkins took office as head of the Federal Federal Organization for US Securities Markets last week, but he is not new to the Supreme Education Council. Atkins had previously worked as a delegate from 2002 to 2008 and is referred to Crypting loversAnd previously retained up to $ 6 million of encryption assets. Market monitors expected the lighter touch of the Securities and Stock Exchange, given President Trump’s focus on business-friendly policies, but they do not make mistakes-he does not make a mistake in the Atkins era, according to Melissa Hodjman, one of the sections of the Supreme Council for the Terrorist Education in senior officers.
According to Hodgman, ATKINS statements about enforcement have usually set some major topics. She said that fraud, including fraud on accounting and detection, said that trading from the inside is likely to be high -touch issues. Spring Forum in Berkeley on integration and purchases and the meeting hall.
Hodgman is now a partner at Freshfields in the law firm, but he spent about 16 years in the SEC enforcement section. The public warned that lawyers should consider the way executive managers and managers in the non -public information possession to buy and sell securities, because the organizers have become “unusually good” in communicating points in internal commercial cases through the use of social media and AI.
“They use data and analyzes in a way that they have not entered into my career there,” Hodjman said. “This enforcement section will be very focused in this field.”
Regarding other enforcement issues, the agency is likely to see a transformation in the violations of the base that was presented to the committee, according to three former SEC advisers, all of whom spoke to a committee with Hodgman as a supervisor.
Robert Steps, Secretary General of SEC from 2017 to 2021 during the first Trump presidency during the reign of Chairman Jay Clayton, will return to enforcement of the priorities that were under Clayton’s duration.
This means focusing on the “main street” or individual retail investors. In addition, there will be no corrupt foreign practices law, as Stebins indicated. The Trump administration stopped enforcing FCPA in February, and wrote in Executive order It hindered the American economic competitiveness.
“There will be more focus on cases where there was harm to the investor rather than procedural violations.”
Likewise, Megan Barbaro, General Chancellor from 2023 to 2025 ASLO during the Ginseller era, said that it is possible that enforcement procedures will seek a decrease in corporate sanctions due to deeper concern in the committee that was extracted from indirect companies to harm shareholders.
“I expect to see smaller amounts in those cases,” said Barbaro, who agreed with Berkovitz on the low sanctions. “There will be a focus on fraud, and fewer policies and procedures are interested.”
In 2024, SEC 583 has provided enforcement and orders to raise more than $ 8 billion of fines. The number of cases was 26 %, but $ 8.2 billion of fines was the highest amount in A second history. Former President Ginserner was criticized by companies for his wide agenda to make bases and even his colleague, Commissioner Hester Peres, who The name Jinsler’s approach to encryption in some cases “organized according to implementation.”
In this context, all the three former lawyers said they expect SEC to expect at Atkins to be the organization of encryption, although it is a “sensitive” case, Steles said.
On his fourth day as president, Atkins to talk At the third round table of the newly formed encryption squad. Atkins gave a hat advice in his remarks to Pierce, which is called “Cryptomom”.
Steps said that the agency may formally work on environmental disclosure in the field of rules, as the agency may officially work on environmental disclosure.
In March 2024, SEC adopted Final rules New disclosure of public companies on direct and indirect greenhouse gas emissions requires. The rules faced an immediate and fast legal reaction and followed the election of President Trump in 2024, according to SEC Mark Oida President announced Committee A voice no longer defends the rule of detection of climatic risks in the court.
In addition to encryption, Berkovic said the organizational scene is likely to focus on expanding the scope of access to private markets and raising The accredited investor threshold.
The Supreme Education Council treated the last threshold in 2020, Expansion Among the investors and companies that can invest in private shares, hedge funds, investment capital and pre -subscribing shares.
This story was originally shown on Fortune.com
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