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23 Apr 2023, 9:01 pm
Efficiency and Competition Congress updated Rayburn’s work in the 1970s and again in the 1990s to mandate that, in addition to investor protection and public interest, our agency consider efficiency and competition, as well as capital formation, in formulating our rules.[5] They understood that lowering the cost in the middle of our capital markets would help lower costs for issuers and raise returns for investors. [read post]
