United States SEC Releases Draft 5 Year Strategic Plan with 3 Key Goals: Protect Investors from Fraud, Enhance Regulatory Framework, Support Skilled SEC Workforce
26th August 2022 | Hong Kong
The United States Securities & Exchange Commission (SEC) has released the new 4 year draft strategic plan (2022 to 2026) for public comments with 3 key goals: To protect investors from fraud (including manipulation & misconduct), To enhance regulatory framework (keep pace with evolving markets, business models & technologies), and To support a skilled SEC workforce. The United States SEC oversees more than $100 trillion capital markets (38% of capital markets worldwide), $118 trillion in U.S. equity markets, $2.8 trillion in exchange-traded options, $237 trillion in fixed income. The United States SEC also oversees the activities of 29,000 registered entities (including investment advisers, mutual funds, exchange-traded funds, broker-dealers ,transfer agents), 24 national securities exchanges, 9 credit rating agencies, 7 active registered clearing agencies (Public Company Accounting Oversight Board (PCAOB), the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB), the Securities Investor Protection Corporation (SIPC), and the Financial Accounting Standards Board (FASB)). United States SEC Chair Gary Gensler: ”We can’t take our leadership in capital markets for granted. Technology and business models always are changing, and it is important for our agency to evolve in kind. Through the goals we’ve laid out in this strategic plan, we will continue to bring a skilled and steady hand to the capital markets of a changing world. We look forward to reviewing public comments.” View United States SEC Strategic Plan 2022 to 2026
“ United States SEC Releases Draft 5 Year Strategic Plan with 3 Key Goals: Protect Investors from Fraud, Enhance Regulatory Framework, Support Skilled SEC Workforce “
United States SEC Members
The members of the Commission act jointly to set and enforce the rules that govern the securities markets and its participants. The Chair is responsible for overseeing the executive and administrative functions of the agency. This includes supervision over approximately 4,500 staff members who are organized into 6 divisions and 25 offices located in the Washington, DC, headquarters and 11 regional locations.
The draft strategic plan establishes 3 primary goals:
- Protecting working families against fraud, manipulation, and misconduct;
- Developing and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies; and
- Supporting a skilled workforce that is diverse, equitable, inclusive, and is fully equipped to advance agency objectives.
Among the initiatives to meet these goals, the SEC intends to enhance the use of market and industry data to prevent, detect, and prosecute improper behavior. The SEC also seeks to modernize design, delivery, and content of disclosures to investors so they can access consistent, comparable, and material information while making investment decisions.
The agency aims to update existing SEC rules and approaches to reflect evolving technologies, business models, and capital markets. To support its diversity and inclusion efforts, the SEC will focus on recruiting, training, and retaining staff with the right mix of skills, experience, and expertise.
The draft plan was prepared in accordance with the Government Performance and Results Modernization Act of 2010, which requires federal agencies to outline their missions, planned initiatives, and strategic goals for a four-year period.
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