A speech by the chair of the Securities and Exchange Commission Gary Gensler, favoring and justifying mandatory disclosure. ‘The basic bargain that…

← Back to Blog

A speech by the chair of the Securities and Exchange Commission Gary Gensler, favoring and justifying mandatory disclosure.

‘The basic bargain that President Franklin Roosevelt and Congress laid out 90 years ago was that investors get to decide which risks to take so long as those companies raising money from the public make what Roosevelt called, “complete and truthful disclosure.” In 1933, the year the Securities Act was enacted, Roosevelt said, “It changes the ancient doctrine of caveat emptor to ‘let the seller beware,’ and puts the burden on the seller rather than on the buyer.’

Market forces have failed to stem the effects of cyber attacks and address cybersecurity risk management. What alternatives are there to managing cybersecurity risk than pushing forward cyber regulation and mandatory reporting?

Thoughts?

U.S. Securities and Exchange Commission, European Commission, Office of the National Cyber Director, The White House, European Parliament, Veritas GRC, Schellman, Federal Bar Association, @Thaddeus Dziekanowski Brian D. McCarthy Rich Waite, M.Ed. George Sawyer Rachel V. Rose, JD, MBA

#cybersecurity #cyberriskmanagement #cyberregulation #3lod

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7177615892170579968