Washington is rewinding the clock on investor protection

The demolition of the East Wing in progress last October. Photo: Wikimedia.
The demolition of the East Wing in progress last October. Photo: Wikimedia.
Washington is rewinding the clock on investor protection. Under chair Paul Atkins, the U.S. Securities and Exchange Commission has rolled back a series of rules, scaled back enforcement and curtailed shareholder rights. According to former senior counsel Benjamin Schiffrin, who spent nearly two decades at the agency, the regulator is now siding more with Wall Street than with investors.

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