SEC Reopens Public Comments After Technical Error

Eleven rulemaking releases were affected and public comments were not received.

The U.S. Securities and Exchange Commission (SEC) announced last week that they reopened their public comment periods after resolving a technical error that resulted in a number of public comments being lost. “The majority of the affected comments were submitted in August 2022; however, the technological error is known to have occurred as early as June 2021,” the commission stated.

Eleven proposals of rulemaking were being considered during that period of time, all of which lost many public comments intended to inform the SEC’s rulemaking decisions. The SEC has extended the period of public comment for all its proposals by an extra 14 days to allow citizens to review and resubmit comments that may have been lost during that time.

As the Lord Leads, Pray with Us…

  • For Chairman Gensler to seek God’s direction as he heads the SEC.
  • For wisdom for the commissioners as they consider regulations and rules.
  • For the Lord’s will to be accomplished through the work of the commission.

Sources: Securities and Exchange Commission, Reuters


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