SEC has developed a plan to tighten control of Wall Street

Gary Gensler, head of the SEC, announced a plan to increase supervision of Wall Street. Now it’s time to start putting it into practice. The total capital market is currently worth approximately $100 trillion. The regulation regarding the application of new technological establishment will be updated. The head of the commission expressed assurance that one of the tightening regulation important results will be a reduction in the quantity of commissions that private investors and companies pay to exchanges for trading. Gary Gensler noted that a batch of work has been done. It may take several months for the new measures to be implemented. But this must be done as quickly as possible, while the Democrats have a majority in Congress. If they lose their advantage following the election results, then problems may arise with the promotion plan implementation, since the Republicans may not approve it.

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Arseny Kudrin

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