Paul Atkins. Credit: David Paul Morris/BloombergAtkins Likely to Bring Pro-Business, Light Regulatory Touch to SEC, Say Agency Observers
In 2015 testimony to Congress, Atkins criticized Dodd-Frank for ceding too much authority to regulators, adding that the law will mean that “government, and not the markets, will choose the winners and losers.”
December 09, 2024 at 08:10 PM
4 minute read
Paul Atkins’ pro-business regulatory philosophy is clear and consistent.
President-elect Donald Trump's nominee to be the next chairman of the U.S. Securities and Exchange Commission has long held that financial markets should have minimal government intervention and that regulators should not govern market behavior.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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