Cynthia Formelli of the Securities and Exchange Commission talks to Dylan Emery about the changes they are making in order to keep pace with the financial services market
The Securities and Exchange Commission (SEC), the hard-hitting US regulator, has been forced into a series of important changes in response to a rapidly changing financial services market. Cynthia Formelli, deputy director, division of investment management at the SEC, explains that through changing times, the fundamental approach of the SEC has always been to focus on the consumer. She says: 'We view the protection of investors as our first and foremost priority. We are here to make sure investments that are offered are accompanied by full and fair disclosure, so it's very much a di...
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