Tuesday, July 23, 2024

How Trump's Project 2025 will affect investors: the SEC 

From page 831:

Eliminate all administrative proceedings (APs) within the SEC except
for stop orders related to defective registration statements. The SEC
enforcement system does not need to have both district court cases and
APs. Alternatively, respondents should be allowed to elect whether an
adjudication occurs in the SEC’s administrative law court or an ordinary
Article III federal court.24 

End the practice of delegating the decision to initiate an enforcement case.
The SEC Chairman—and possibly the U.S. Government Accountability
Office (GAO)—should study whether other Commission delegation of
authority to staff should be narrowed and whether sunsetting of such
delegation of authority should be required. 

Obviously this is all calculated to weaken the SEC's ability to protect investors and call to account bad actors. Just what you would expect from a serial bankrupt like Trump.

PDF of the complete text of Project 2025  

What are Project 2025’s ties to the Trump campaign? 

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