SEC boss demands more investments to eliminate inequality in market regulation

SEC boss demands more investments to eliminate inequality in market regulation
The removal of inequality is one of the main concerns of the new chairman of the Securities and Exchange Commission (SEC), Gary Gensler. In his opening speech in front of a subcommittee of the Senate's budget committee, Gensler pointed out that the budget provided by the SEC is relatively low compared to the expenditure of some of the largest market participants on the market. According to Gensler, it is necessary to provide appropriate resources in order to effectively keep up with the developing market landscape and to ensure investor protection.
To achieve this goal, Gensler has designed a comprehensive plan that aims to increase the overall budget of the SEC to $ 5.1 billion for all departments. Compared to the current federal budget, this would mean an increase of $ 400 million. The increase in the agency is intended to ensure that a robust regulatory framework is created that keeps pace with the rapid progress in the industry and guarantees the protection of investors.
It is important that the SEC has sufficient financial resources in order to be able to perform its tasks effectively. The rapid development of technology and financial markets requires constant adjustment of the regulation. To ensure that the SEC keeps pace with the latest developments in the industry, appropriate resources must be made available. This investment will help to eliminate inequality in the market and to improve investor protection.
The SEC plays a crucial role in monitoring and regulating financial markets. It is responsible for ensuring that companies and market participants comply with the applicable laws and regulations. Appropriate financing can effectively perform its tasks and ensure a fair and transparent market.
It remains to be seen whether Gensler's plan to increase the budget of the SEC is encouraged. In the interest of both investors and the market participant, it is in the interest that the SEC has the necessary resources in order to be able to perform their tasks effectively. Adequate regulation is the key to creating a fair and transparent market that strengthens the trust of investors and eliminates inequality.