On the recordMarch 1, 2021
What we have found is materiality is defined as what reasonable investors are seeking to have to make their decisions either to invest or not to invest or to vote yes or vote no.
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congress.govWhat we have found is materiality is defined as what reasonable investors are seeking to have to make their decisions either to invest or not to invest or to vote yes or vote no.
Gensler explains how materiality impacts investor decisions.
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More from Gary Gensler
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.