The SEC and Trump's Path to Deregulation

The video discusses the potential deregulation of the SEC, focusing on the authority of the SEC chair and the influence of political figures like Carl Icahn. It explores the challenges of deregulating Dodd-Frank and the political pushback from figures like Elizabeth Warren. The video also covers the SEC's enforcement responsibilities and the discretion in imposing penalties. Finally, it offers advice for the new SEC chair, emphasizing honesty and governance.

What is one of the main roles of the SEC chair in the context of deregulation?

• To set the agenda and influence division heads

• To act as a spokesperson for the SEC

• To pass new laws

• To vote on all decisions

Which act is likely to be a primary focus for deregulation efforts?

• Sarbanes-Oxley Act

• Dodd-Frank Act

• Securities Act of 1933

• Glass-Steagall Act

What is a potential strategy for the Trump administration to quickly achieve deregulation?

• Issuing executive orders

• Passing legislation through Capitol Hill

• Negotiating with foreign governments

• Holding public referendums

What is a key responsibility of the SEC in addition to regulation?

• Managing stock exchanges

• Setting interest rates

• Enforcing existing laws and regulations

• Creating new financial products

What is a challenge in imposing penalties on corporations for wrongdoing?

• Penalties are not legally enforceable

• Penalties are paid by stockholders, not responsible individuals

• Penalties are often too small

• Corporations can easily avoid penalties