U.S. SEC Official Urges Delay In Public Comment On Agency Rule Changes

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission’s lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.

Commissioner Allison Lee said the agency ought to allow an additional 60 days for public consultation on measures currently under review so as to “adequately assess the economic effect” of relaxing agency rules in light of the economic uncertainty caused by the fast-spreading disease.

“The Commission should carefully analyze each action it takes in light of the altered economic and social landscape,” Lee said in a statement.

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