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SEC chairman returns ''first principles' to public markets, supports Texas exchange
Atkins proposed three changes to streamline disclosures, ease IPOs and curb costly lawsuits as U.S. listings have fallen 40% since the mid-1990s.
- Exchange Commission Chairman Paul Atkins outlined his plan to return "first principles" to public markets during a Texas Stock Exchange roundtable in Miami.
- Atkins pointed to "decades of accretive rulemakings and regulatory adventurism" that narrowed the path to public company status; the number of listed companies dropped from more than 7,800 in the mid-1990s.
- His plan to "make IPOs great again" includes modernizing disclosure reports "so that they are meaningful, understandable, and not a repellant to investors," and offering litigation alternatives to shield innovators.
- Texas Gov Greg Abbott and Florida Gov Ron DeSantis discussed how "Eleven" states in the "Boom Belt" are outpacing other regions in economic growth, job creation, and foreign investment.
- Taken together, Atkins said these reforms "represent something larger than a regulatory agenda" and "herald the SEC's return to first principles that have made this region's ascent so remarkable.
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SEC chairman returns ''first principles' to public markets, supports Texas exchange
(The Center Square) – At a Texas Stock Exchange roundtable in Miami, Securities and Exchange Commission Chairman Paul Atkins outlined his plan to return “first principles” to public markets. He believes this will also help Boom Belt states continue to…
SEC chairman cites plan to return “first principles” to public markets
At a Texas Stock Exchange roundtable in Miami, Securities and Exchange Commission Chairman Paul Atkins outlined his plan to return “first principles” to public markets. He believes this will also help Boom Belt states.
·Washington, United States
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Coverage Details
Total News Sources18
Leaning Left0Leaning Right5Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
C 58%
R 42%
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