What an SEC Change Could Mean for Wall Street

The video discusses the structure of the SEC, highlighting the power shift from Commissioners to staff, especially post-2008 financial crisis. It explores the debate on centralizing authority back to Commissioners, with concerns from both political sides. The acting chair initiated a review of delegated authorities, focusing on the enforcement division's reliance on these powers. The video concludes with a reference to a Bloomberg report on the topic.

What is the primary role of the staff members within the SEC?

• To nominate Commissioners

• To conduct investigations and issue subpoenas

• To create financial products

• To manage the President's schedule

Why do some Commissioners feel the need to centralize power back to the top?

• They aim to eliminate the enforcement division

• They want to increase the number of staff members

• They feel excluded from the decision-making process

• They want to reduce the number of investigations

What is one responsibility that remains with the Commissioners and is not delegated to staff?

• Approving financial products

• Voting on settlements

• Conducting day-to-day investigations

• Issuing subpoenas

What action did Acting Chair Mike Pivar take regarding delegated authorities?

• He reduced the Commissioners' voting power

• He initiated a review of delegated authorities

• He increased the number of staff members

• He eliminated the enforcement division

In which area is the delegated authority particularly significant within the SEC?

• Enforcement

• Public relations

• Financial product development

• Human resources