In Episode 70, we invite back two Bid Out podcast veterans, Jim Toes, President of the Security Traders Association, and Jaret Seiberg, TD Cowen's Washington Research Group Financial Services Policy Expert, for a discussion on the next SEC Administration, likely to be led by Paul Atkins. Jim and Jaret start with an explanation for the low key, zero drama nature of the Atkins confirmation hearing for SEC Chair, citing the limited pushback expected on the nomination, and the fact that the confirmation process has been streamlined post the GFC. That said, Minority Ranking Member Elizabeth Warren published a 34-page letter of issues and questions for the Chair-Designate covering a wide range of current and historic SEC issues, including many about the time Atkins spent as an SEC Commissioner prior to the GFC. Jim and Jaret discuss several of the topics raised by Senator Warren, including potential conflicts for the Chair, gamification of markets, the future of FINRA and the CAT, and crypto oversight.  The pod finishes with Jim's look into his crystal ball to answer the question "will Atkins reverse NMS during his tenure?"

This podcast was recorded on April 2, 2025.

Chapter Times:

00:55 - The Zero Drama Atkins Hearing and Next Steps

08:30 - Senator Warren's 34 Page History Lesson

13:22 - The Future State of Completely Partisan Commissioners

23:34 - Will Atkins Reverse Policy Decisions from Gensler Administration?

31:10 - How Can Atkins Manage Conflicts Including with Trump?

35:31 - 0DTE, Gamification, 24 Hour Trading and Crypto – Protecting Retail Investors

For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.

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