SEC确保规则编写过程包含更好的成本效益分析

In the wake of criticism that the Securities and Exchange Commission has not done enough to assess its rules’ economic impact, its Office of the General Counsel and Risk, Strategy, and Financial Innovation Division is providing staff with guidance that it needs to conduct a more thorough economic analysis during the entire rule writing process. One of the requirements is that there must be a cost-benefit evaluation when rules that are congressionally mandated or discretionary are involved. This guidance is now binding.

但是，SEC主席玛丽·沙皮罗（Mary Schapiro）迅速指出了众议院监督篷布和金融服务的监督小组委员会，这些规则已经遵循本指南。现在，工作人员将评估委员会在《多德 - 弗兰克·华尔街改革和消费者保护法》之后提议的28条规则的成本效益。

该指南是根据一月份发布的报告。在其中，监察长办公室指责SEC在编写Dodd-Frank命令规则时未进行成本效益分析。除了提供更全面的成本效益分析外，SEC还必须注意拟议规则的理由，确定规则的合理选择，评估任何经济影响，并找到一个开始分析的基准点。SEC将雇用三十多名经济学家加入其员工。如果委员会最终能够正确执行此指南，那么国会可能必须立法。

Commenting on this recent development, Shepherd Smith Edwards and Kantas, LTD, LLP Partner and Institutional Investment Fraud Lawyer William Shepherd said, “How high should the cost of regulations be on a mega-billion dollar industry with record profits in a recession after just ripping off investors worldwide for trillions of dollars because of lack of regulations? Wall Street is an industry of whiners who thinks they are the victims because the cops say slow down in a construction zone or school district.”

Rep. Scott Garrett (R-NJ), who authored HR 2308, the SEC Regulatory Accountability Act that similarly seeks to enhance the Commission’s cost-benefit analysis in similar fashion as the guidance, still plans to keep pushing for his bill’s passage. HR 2308 made it through the House Financial Services Committee a couple of months ago.

加勒特（Garrett）希望获得成本效益的授权成为法规，以便SEC必须满足的要求是明确的，这应该确保委员会最终会撰写任何规则并不会减慢经济增长的速度。加勒特（Garrett）的发言人向BNA发送了一封电子邮件，他强调，这对于命令成为法律而不是规定的SEC指导很重要的原因是，未来的SEC主席可能会选择不遵守该法律。

我们的bob200体育证券欺诈律师在Shepherd Smith Edwards和Kantas，Ltd，LLP代表美国各地的机构和个人投资者。

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