On August 24, 2022, the SEC released its Draft Strategic Plan for Fiscal Years 2022-2026. The plan is based on the three-part mission of the SEC:
The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
The draft plan begins with three goals to work towards accomplishing this mission:
- Protect working families against fraud, manipulation, and misconduct;
- Develop and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies; and
- Support a skilled workforce that is diverse, equitable, and inclusive and is fully equipped to advance agency objectives.
The plan describes the SEC’s vision and values along with the steps the organization will take to accomplish each goal. Included in the planned steps are:
For Goal 1:
Pursue enforcement and examination initiatives focused on identifying and addressing risks and misconduct that affects individual investors.
For Goal 2:
Update existing SEC rules and approaches to reflect evolving technologies, business models, and capital markets
A review of all the steps included in the plan provides many insights into the future direction of the SEC.
The related request for comments on the draft strategic plan can be found here.
As always, your thoughts and comments are welcome!