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SEC Commissioner Stein’s Opening Remarks at Proxy Process Roundtable

Good morning. Welcome to the SEC staff’s roundtable on proxy process. I would like to start by thanking Chairman Clayton for asking the staff to host a roundtable on this very important topic. I would also like to thank Michele Anderson, Julie Davis, and the entire SEC team who worked so hard to bring this roundtable to fruition.[1] Indeed, it has been eight years since the Commission sought comment on the proxy system.[2]

As we all know, the Commission’s mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.[3] Central to this

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SEC Commissioner Discusses Improving Information for Investors in the Digital Age

I last spoke to you in May 2014 about “Building Momentum.”[1] At the time, I was a rookie Commissioner. Now, I stand before you after five years as a Commissioner and over 5,700 votes under my belt. It has been an amazing time to be on the Commission, and I’ve learned a great deal about what matters to both companies and investors. Today, I’d like to share with you some of my thoughts borne from my experience. Specifically, my thoughts on how the Commission should improve disclosure to investors in the Digital Age.[2]

Nearly 100 years ago, the

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Commissioner Kara Stein Offers a Vision for Data at the SEC

Thank you, Michael [Barr], for that kind introduction.  Thank you also to the University of Michigan and the Office of Financial Research for organizing this important conference.  I am pleased to be here with you today.  This conference is a vital opportunity to discuss some of the forces shaping financial markets and regulation.

“What hath God wrought.”  That message, sent from Washington to Baltimore in 1844, signaled the arrival of the telegraph.  Originally an exclamation, but sometimes written as a question, it captures both the wonder and uncertainty that new technologies can inspire.[1]  The telegraph proved to be a transformative … Read more

Adoption of Rules Regarding Municipal Advisor Registration

Commissioner Kara M. Stein gave the following statement on September 18, 2013 at an SEC open meeting in Washington D.C.  The new municipal advisor registration rules are available here.

Municipalities are the lifeblood of many communities.  They provide the roads, schools, sewers, firefighters, police officers, and countless other services for millions of Americans.  When these critical government structures crumble under financial duress, so does the wellbeing of the communities they serve.  In most cases, the finances of these communities are overseen by dedicated public servants.  But these public servants are most often not familiar with the financial wizardry of … Read more

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