Reply #34: US Chamber of Commerce is issuing a report of their recommendations to the SEC

[Robbien]

They say these are sweeping changes, but are just more of the same old, same old.

The United States Chamber of Commerce's Center for Capital Markets will outline 23 suggestions Wednesday for improving the operations at the Securities and Exchange Commission. In a 92-page report, the Chamber lays out ideas for sweeping organizational changes at the agency, including the creation of a chief operating officer position to oversee the activities of the SEC. This recommendation may be the most radical proposal," the report says. "It would fundamentally change the responsibilities of every division director and senior officer at the SEC."

"It would also enable the chairman to perform the CEO responsibilities under Reorg Plan 10 and provide a degree of consistency and uniformity to SEC operations that has been absent for much of its history."

Other suggestions in the report include creating a new "Coordinating Council" to help resolve inter-division disputes, adding more staff with experience in economics and capital markets, creating an accelerated conditional approval process for new investment products and re-aligning certain divisions of the agency.

It also discusses improvements on the processes of issuing no-action letters, exemptive orders and self-regulatory organization rule orders.

more . . .
http://www.easybourse.com/bourse-actualite/marches/us-chamber-study-proposes-big-organizational-changes-at-sec-614012

Sweeping new ideas?:

Speed up approvals of new derivative investment products
Re-instate the issuing of no-action letters which Shapiro just banned
blah, blah, blah

But of course, when the Chamber of Commerce talks the DC villagers listen.