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16 Apr

SEC looks to economists for legal cover

To match Special Report SEC/INVESTIGATIONSWASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is taking extra steps to bulletproof its rulemaking, after U.S. appeals court judges, Republican lawmakers and government watchdogs have criticized how the agency measures the economic impact of its rules. The SEC has internally circulated a memo guiding staff to rely more heavily on agency economists and to provide stronger economic justifications as they craft rules, according to a copy of the March 16 memo reviewed by Reuters. SEC Chairman Mary Schapiro is scheduled to appear on Tuesday before a U.S. …

Original post by Reuters and software by Elliott Back



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