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How Declining Public Trust Impacts Finance

How Declining Public Trust Impacts Finance

by Starling Insights

Starling Insights Editorial Board

Nov 03, 2023

Observations

In a speech delivered to the New York City Bar Association, Gurbir S. Grewal, the Director of the Division of Enforcement for the U.S. Securities and Exchange Commission (SEC), discussed declining public trust in institutions and how it affects the financial sector.

"It undermines the investor confidence needed for the fair, efficient, and orderly operation of our markets and for capital formation," he said. Grewal highlighted the SEC's role in enhancing trust and pointed to its 2023 fiscal year-end results, which indicated a productive year for the Enforcement Division in protecting investors.

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