In The Press October 10, 2022

SEC’s Technical Glitch Won’t Slow Rulemaking, Experts Say (InvestmentNews)

A technical glitch that prevented the Securities and Exchange Commission from receiving some comment letters on several proposals is not expected to slow the pace of rulemaking. A former SEC counsel anticipates the problem with the comment letters will be just a speed bump rather than a roadblock. "It's really more of an embarrassing admission that it is anything that would change outcome or timing," Nick Losurdo, Financial Industry partner, wrote in an email to InvestmentNews. One of the affected rulemakings was likely about to be brought up in an SEC open meeting when the comment glitch was caught, Losurdo said. That one might be pushed back a couple weeks, but its otherwise all systems go.