By Central South Dakota News |
Mar 26, 2024
WASHINGTON – Today, U.S. Senator Mike Rounds (R-S.D.) and eight Senate Banking Republicans have criticized the Securities and Exchange Commission (SEC) for its proposal to expand Regulation Systems Compliance and Integrity (SCI), slamming it as a move that could burden businesses and retail investors. The senators expressed their concerns in a letter addressed to Chair Gensler, highlighting the potential negative impacts of the SEC's proposal.In the letter, the senators stated, "The rule appears to be a regulatory solution in search of a problem and could result in...