Veena Jain Comments on Gensler’s Regulatory Agenda in FundFire

Investment management partner Veena Jain spoke with FundFire in “Gensler’s Regulatory Agenda ‘Up in the Air’ after Court Rulings” after the SEC released its latest regulatory agenda earlier this month, which includes 34 proposed regulatory items – 19 of which are in the final stages.

The latest agenda still includes controversial proposals such as the predictive data analytics and safeguarding of client assets rules that have not only been bumped to the fall but are under consideration to be re-proposed altogether. 

"A lot had to do with the comments received and the public pressure," said Jain. "Some aspects of the rules were a little unworkable, impractical, and would not have worked or would have impacted certain groups more than others. In the data analytics rule, the definition of technology was extremely broad."

"The primary reason to push things out is to make sure they get it right," Jain said. "They don't want it to be challenged."

The full article is available to FundFire subscribers.