She is busy prioritizing the many tasks ahead and creating a timeline for addressing them.
The fiduciary standard was not mentioned but SIFMA head Ken Bentsen stated that sometime during the first quarter, the SEC is expected to release what will be called a concept release that will also be a request for information.
Walter stated that a forthcoming cross-border swap proposal will head the SEC’s to-do list. She considers this to be a linchpin in finalizing derivatives rules as mandated by the Dodd-Frank Act.
She noted that Dodd-Frank and the JOBS Act are reshaping the regulatory terrain. Only 21 months after Dodd-Frank was enacted, the Investor Advisory Committee was formed and the JOBS Act is shifting how companies raise capital and the way investors participate in that process.
She acknowledged and thanked the SEC staff for its first set of recommendations on the JOBS Act designed to create rules that will lift the existing prohibition on general solicitation in certain private placements.

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