Kotz criticizes how SEC analyzes the effects of its rules

01/31/2012 | Reuters

David Kotz, the outgoing inspector general of the Securities and Exchange Commission, criticized how the regulator analyzes the economic impact of some of its rules. "We found that the extent of quantitative discussion of cost-benefit analyses varied among rulemakings," Kotz wrote in a report. "Based on our examination of several Dodd-Frank Act rulemakings, the review found that the SEC sometimes used multiple baselines in its cost-benefit analyses that were ambiguous or internally inconsistent."

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