Remarks by Commissioner Peirce at the SEC’s 31st International Institute for Securities Market Growth and Development
Welcome to the penultimate day of the SEC’s 31st International Institute for Securities Market Growth and Development. Before I begin, as I am sure you anticipate based on what you have heard from many SEC speakers this week, my views are my own as a Commissioner and not necessarily those of the SEC or my fellow […]
Hester M. Peirce is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent remarks. The views expressed in this post are those of Commissioner Peirce and do not necessarily reflect those of the Securities and Exchange Commission or its staff.
Welcome to the penultimate day of the SEC’s 31st International Institute for Securities Market Growth and Development. Before I begin, as I am sure you anticipate based on what you have heard from many SEC speakers this week, my views are my own as a Commissioner and not necessarily those of the SEC or my fellow Commissioners.
The Institute’s longevity signals the importance of capital formation and the development of capital markets. These topics can get lost in regulatory conversations, which tend to focus on what government can do to protect investors, rather than what markets can do to protect investors. Efficient, flourishing capital markets do more than serve investors; their function is much grander—to serve humanity. As the lifeblood of businesses and innovation, capital markets help a nation’s economy to meet its people’s needs and generate the societal prosperity that enriches the lives of individuals and their communities. Affording investors an opportunity to share in the fruits of the economy’s growth is a welcome byproduct of well-functioning capital markets and a central element of investor protection.
