Does the SEC Have the Authority to Flirt With the Economy’s Overhaul?

Does the SEC Have the Authority to Flirt With the Economy’s Overhaul?
U.S. Securities and Exchange Commission building in Washington on Nov. 13, 2023. Madalina Vasiliu/The Epoch Times
Curtis Schube
Updated:
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Commentary
Just before Christmas, the Securities and Exchange Commission (SEC) announced that it would reopen public comments for a proposed rule that would completely transform the economy. The SEC proposed a rule to allow the creation of a new type of company to be listed on the New York Stock Exchange (NYSE) called natural asset companies (NAC). This decision to reopen comments came after heavy criticism of the SEC for its unusually quick comment period for a rule that could significantly affect the economy.
Curtis Schube
Curtis Schube
Author
Curtis Schube is the executive director for The Council to Modernize Governance, a think tank committed to making the administration of government more efficient, representative, and restrained.
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