SEC Has Become Politicized, Lawyer Charges, Hurts Small Firms Most

The Securities and Exchange Commission (SEC) has become politicized under the reign of Chair Mary Jo White, charges Douglas Hirsch, a partner with the law firm of Sadis & Goldberg who litigates cases in front of the SEC. SEC engaging in show to Congress, actions hit smaller players hardest “The SEC needs to show Congress that it is getting tough,” Hirsch said in a ValueWalk interview, observing that the regulator is working on compiling gross statistics to show that it is instilling deterrence on Wall Street but sometimes those being most impacted are the smaller firms. “Small firms are disproportionately disadvantaged” by the…