SEC under fire over comment periods on shorter rule proposals

By Al Barbarino (March 9, 2022, 6:57 PM EST) – Long list of industry groups push back on apparent U.S. Securities and Exchange Commission policy shift to shorter public comment periods under Chairman Gary Gensler , with Commissioner Hester Peirce sounding Wednesday that she too is increasingly concerned about “short and overlapping comment periods”.

The New York City Bar Association and the Securities Industry & Financial Markets Association were among more than a dozen groups that signed letters to the SEC last week asking for more time to consider a flurry of recent rule proposals related to market structure issues, disclosures and reporting requirements, whether they…

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