SEC's Clayton Slashes Investor Safeguards To Entice More Companies To Go Public | WHAT REALLY HAPPENED

SEC's Clayton Slashes Investor Safeguards To Entice More Companies To Go Public

It looks as though the Securities and Exchange Commission isn't happy enough just allowing CEOs like Elon Musk to retain their C-suite position after committing egregious frauds like faking the largest buyout in history. The commission, under Jay Clayton, continues to make life easier for corporations while making protecting investors a second priority.

Since Jay Clayton took over as head of the SEC, 17 changes have been made and 9 more have been proposed, that are part of a broad push to help "reverse a 20-year decline in U.S. public company listings", according to Reuters. The changes include modernizing disclosures and cutting regulatory costs for companies - and just making life easier for public companies in general.

This, of course, is not without its down side: these new rules will weaken investor safeguards or diminish their rights.

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