Today was not a great day for the SEC. There were two major hearings, and things appear not to have gone well for the agency. Before we begin, some meta-context is that these hearings are not necessarily final rulings (though in one case, it was). So some of this is reading tea leaves, but it’s also a useful set of insights with regard to how things are going for the SEC when, instead of just engaging in saber rattling, they have to actually meet their opponents on the field of battle (in this case, the courtroom).
SEC Voyage Into Futures Ends Badly
SEC Voyage Into Futures Ends Badly
SEC Voyage Into Futures Ends Badly
Today was not a great day for the SEC. There were two major hearings, and things appear not to have gone well for the agency. Before we begin, some meta-context is that these hearings are not necessarily final rulings (though in one case, it was). So some of this is reading tea leaves, but it’s also a useful set of insights with regard to how things are going for the SEC when, instead of just engaging in saber rattling, they have to actually meet their opponents on the field of battle (in this case, the courtroom).