Revitalizing America’s markets at 250

As the US approaches its 250th anniversary, SEC chair Paul Atkins used a speech at the New York Stock Exchange to outline a significant shift in regulatory philosophy.

Delivered beneath the Exchange’s chandeliers and the hum of trading screens, the remarks drew on history to justify a redesigned future.

The argument was straightforward: American markets prospered when regulation was disciplined and focused on information that investors could use. They weakened when disclosure ballooned into an unwieldy exercise

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