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One person can now be a quorum at the SEC
A lone commissioner can now constitute a quorum at the US Securities and Exchange Commission, following departures that have left the agency with a single active member. That means one official can act for the entire commission, including voting on rules and enforcement matters. Commentators are debating the implications for oversight of US financial markets, with critics warning the arrangement concentrates significant regulatory power in one unelected official.
Why now: The prospect of a single commissioner wielding full SEC authority raises concerns about accountability and market regulation.
US Securities and Exchange Commission
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- One person can now be a quorum at the SEC · mooreds · 89
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