Capacity Constraints Likely After Peirce Departs, Ignites

Partner Carolyn Welshhans spoke with Ignites about the implications of Commissioner Hester Peirce’s departure from the US Securities and Exchange Commission (SEC), leaving the agency with just two commissioners and raising questions about its rulemaking capacity and regulatory predictability.

Carolyn noted that dissenting commissioners provide important perspectives that help businesses anticipate potential changes in SEC policy.

“Without having dissenting voices, and quite honestly without having a full commission, we lose some of that important predictability,” she said. 

Carolyn also cautioned against assuming that the remaining commissioners will necessarily agree on every matter.

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