Commissioner Hester M. Peirce on the SEC's new rule certain broker-dealers join FINRA for oversight: "Because today’s recommendation rejects a common sense approach, I cannot support it."
Source:
Thank you, Chair Gensler. Establishing a regulatory framework that is generally consistent across similarly situated firms is an objective that should inform our rulemaking process. Pursuing this objective, however, is not the same as seeking to impose regulatory uniformity for its own sake, particularly when there are alternative and
