
SEC rewrites quorum rule, letting a single commissioner act alone
- —The Rule 200.41 change was adopted without public comment as internal "housekeeping"
- —The SEC is down to two commissioners after Hester Peirce left on October 2
- —The agency also moved to rescind the climate disclosure rule, Say on Pay and Rule 14a-8
- —It plans to cut quarterly reporting to twice a year and rewrite Regulation S-K
Why it matters: A one-person quorum removes checks on US market oversight and could weaken the disclosure investors rely on.
Source: Fortune Crypto