{"id":7674,"date":"2025-02-13T16:19:20","date_gmt":"2025-02-13T21:19:20","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=7674"},"modified":"2025-02-13T16:19:25","modified_gmt":"2025-02-13T21:19:25","slug":"commissioner-peirce-addresses-potential-regulatory-directions","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/commissioner-peirce-addresses-potential-regulatory-directions\/","title":{"rendered":"Commissioner Peirce Addresses Potential Regulatory Directions"},"content":{"rendered":"

On January 27, 2025, SEC Commissioner Hester M. Peirce delivered\u00a0the Alan B. Levenson Keynote Address at the Northwestern Securities Regulation Institute.\u00a0 Continuing her practice of devising engaging titles for her speeches, these remarks are titled Sheep in the Steep<\/a>.\u00a0 <\/strong>She begins with a description of how the Sierra Nevada bighorn sheep \u201cnavigate the treacherous alpine terrains of their habitat.\u201d\u00a0 She then compares \u201cthe bighorn\u2014making their way in a terrain that is steep, varied, and fraught with danger, including predators, avalanches, and disease\u201d to \u201cpublic companies navigating the hazardous regulatory, political, and societal landscape of today.\u201d<\/p>\n

Commissioner Peirce suggests seven steps to \u201coffer a path toward more level, predictable terrain\u201d for public companies.\u00a0 Each of the seven steps, along with her thoughtful discussion behind each step, make for interesting reading.\u00a0 Her step six is particularly relevant for professionals involved in public company reporting:<\/p>\n

\u201cA sixth step in bringing companies back to normal is for the Commission staff in our Division of Corporation Finance and Office of the Chief Accountant to re-double efforts to provide guidance to companies about the many disclosure issues that arise in the normal course of business. In the registration statement review process, staff should communicate early and often so new and seasoned issuers alike can have increased confidence in offering timelines. Of course, engagement on timing alone is not enough. The Commission also should encourage the expert staff to engage with public companies and their lawyers and accountants on difficult questions about the application of new and existing rules. This engagement should be dynamic and interactive, not formulaic. Commission staff time is well spent on these fundamental functions of a disclosure regulator, which in recent years have languished due to other Commission priorities.\u201d<\/p>\n

As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"

On January 27, 2025, SEC Commissioner Hester M. Peirce delivered\u00a0the Alan B. Levenson Keynote Address at the Northwestern Securities Regulation Institute.\u00a0 Continuing her practice of devising engaging titles for her speeches, these remarks are titled Sheep in the Steep.\u00a0 She begins with a description of how the Sierra Nevada bighorn sheep \u201cnavigate the treacherous alpine … Continue reading Commissioner Peirce Addresses Potential Regulatory Directions<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[256],"tags":[],"coauthors":[154],"class_list":["post-7674","post","type-post","status-publish","format-standard","hentry","category-sec-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=7674"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7674\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=7674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=7674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=7674"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=7674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}