#DOGE officials at the #SEC, who have so far focused on cutting costs, have in recent weeks sought meetings with staff to explore relaxing what some companies have described as burdensome & unnecessary #regulations, including reworking #Biden-era rules adopted last year on so-called Special Purpose Acquisition Companies, #SPAC, & requirements that private investment advisers confidentially disclose more data so regulators can better spot systemic risk….

#law #fraud #Trump

The efforts, which have not been previously reported, are part of a broader #deregulatory push by the #Trump admin, which has said it wants to spur economic *growth* [#fraud] by slashing government #oversight.

In a February executive order, Trump directed #DOGE officials at #FederalAgencies to identify #regulations the admin may seek to eliminate for any of a range of different reasons, such as imposing "undue burdens" or costs on businesses.

#law #SEC

But sources… said #DOGE's involvement in crafting new #policy has rankled some #SEC officials, raising concerns over whether a #Trump initiative should be involved in the core work of an agency long seen as #independent.

Under the #Biden admin, the SEC adopted the #SPAC & private funds #regulations to protect investors from potentially unscrupulous claims by investment promoters & prevent the unchecked buildup of risks to financial stability in the private funds sector.

#law #fraud

…To be sure, the #SEC is led by a presidentially appointed chairman who guides the agency's #regulatory agenda, making it rare for the agency to depart drastically from White House priorities….

But the SEC, like other #financial regulators, has long been treated as #independent from the WH — both through #legal protections & decades of norms…. The agency has traditionally limited communications w/the WH over rules to avoid political interference, or the appearance of it.

#law #fraud #Trump