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IPFS News Link • SEC-Securities Exchange Commission

SEC Announces Next Step in Pandemic Response Efforts...

• https://www.natlawreview.com, Michael R. MacPhail

According to the SEC, the group is intended to assist the Commission and staff in analyzing "the effects of COVID-19 on markets, issuers and investors—including our Main Street investors" and to work with other regulators and public sector entities such as the President's Working Group on Financial Markets, the Financial Stability Oversight Council, and the Financial Stability Board. This initiative is broadly linked to Chairman Clayton's longstanding interest in supporting "the long-term interests of the Main Street investor."

According to the SEC's press release, the new group will be chaired by the SEC's Chief Economist and Director of the Division of Economic and Risk Analysis, who will be assisted by the Chief Counsel and Senior Policy Advisor for Market and Activities-Based Risk in the Office of the Chairman.