SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era

The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms.

“The way I look at financial regulation is, we’re not a speedboat,” SEC Acting Chair Mark Uyeda said Thursday at the Wall Street Journal’s CFO Network Summit in New York. “Think of us as one of those really long, super-sized freighters. We may need to make course corrections, but you want to be very methodical, very thoughtful in how you change direction.”