At a conference, former SEC officials—now in private practice—were enthusiastic about the newly appointed director of the Division of Corporation Finance (CorpFin) as he is expected to fully implement Chair Paul Atkins’ deregulatory agenda aimed at promoting capital formation.
In September Atkins appointed James Moloney as CorpFin chief. He comes from Gibson Dunn & Cutcher LLP. This will be his second tenure at the SEC, having worked at the agency from 1994 to 2000, including in the Office of Mergers & Acquisitions in CorpFin.
The chair of the SEC sets its regulatory priorities, and Atkins’ first rulemaking agenda—which was unveiled in early September—includes disclosure rationalization and simplification of filer status for reporting companies. While it is not reflected on the current semi-annual regulatory agenda, the SEC is also expected to write a rule related to the frequency of financial reporting as requested by President Trump.
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