Interim SEC Boss Goes Beyond Caretaker Role to Revisit Rules
- Republican commissioner says he won’t be a placeholder
- Piwowar considers review of stock market, disclosure rules
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Republican economist Michael Piwowar plans to use his role as interim leader of Wall Street’s top regulator to lay the groundwork for revamping financial industry rules, possibly including those governing the stock market and corporate disclosures.
A week after being named acting chairman of the Securities and Exchange Commission, Piwowar said in an interview he might direct SEC staff to review regulations he thinks are too restrictive, which could be the first step toward changing them. Piwowar, 48, an SEC commissioner since 2013, said he has no intention of simply being a placeholder and will ensure agency work moves forward.