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Dr. Jan Jindra and Dr. Adrienna Huffman, two former SEC financial economists now with the Brattle Group, dive into their new report, which analyzes the numbers behind the dramatic policy shift from the Gensler-led Commission to the new Atkins administration.

In this episode, hosts Tom Zaccaro and Nick Morgan are joined by four academic co-authors—Professors Eldar Maksymov, Phillip Lamoreaux, Nate Cannon, and Noah Myers—to discuss their new paper, "Is the PCAOB enforcement approach aligned with its mandate?". Based on in-depth interviews with 20 sanctioned auditors and 13 former PCAOB enforcement staff, they uncover a deeply flawed system perceived by outsiders and former insiders alike as "punitive" rather than protective.

Harvard Law Professor Hal Scott, Director of the Committee on Capital Markets Regulation, unpacks two of the most pressing debates shaping the future of U.S. public markets and why U.S. capital markets are shrinking—and what bold reforms might be needed to reverse the trend of companies avoiding or fleeing U.S. exchanges.

Ross Cameron, the founder of Warrior Trading, one of the most recognizable voices in the day trading world, with nearly 2 million YouTube subscribers tackles the long-standing—and long-criticized—Pattern Day Trading Rule from FINRA, which requires U.S. traders to keep $25,000 in their accounts to make more than three day trades in a five-day period, effectively encouraging overexposure and high-stakes trading—especially for those just starting out.

The notion that the SEC staff has pulled back from aggressive enforcement is widely mischaracterized, and SEC v. Barry is a clear example of what is really happening unless we step in. For more than a decade, the agency has devoted extraordinary resources to pursuing these individual salespeople (destroying their lives and careers along the way) who had no reason to believe they were doing anything wrong. Their employer had received legal advice—based on binding precedent—tha

Karen Kerrigan on Trump’s Executive Order on 401(k) Alternative Assets: A Game-Changer for Small Businesses and Innovation

Miles Jennings, Head of Policy and General Counsel at Andreessen Horowitz (a16z), breaks down a timely and impactful proposal for the SEC to provide a clear, actionable safe harbor for developers in the decentralized finance (DeFi) space.

Jennifer Schulp, director of financial regulation studies at the Cato Institute, and Chris Iacovella, CEO of the American Securities Association, break down what the court’s decision really means. Together, they discuss: How the CAT evolved from a post–Flash Crash idea into a sprawling surveillance regime Why the court struck down the SEC’s funding model as “arbitrary and capricious” The broader constitutional questions now looming over over CAT and SEC rulemaking.

Now we are helping Ray fight one more SEC injustice: a professional bar that only ends when the SEC says it does, even though his “right to apply for reentry” began seven years ago. The SEC’s process for lifting bars is full of Catch-22 requirements, procedural traps for the unwary, and other impediments that make the right to apply for reentry “illusory” in the words of one former SEC Commissioner. We are fighting to change that.

We’re pleased to bring you the latest updates in this issue, including new developments in our ongoing construction of a legal bulwark against SEC overreach—and a critical look at H.R. 3394, a bill that threatens to take a major step backward in expanding access to America’s capital markets.

Despite years of constitutional scrutiny over the SEC’s administrative proceedings—and the very clear line between the politically accountable Commission and the staff—it appears the Enforcement Division felt emboldened to go it alone.

If no one lost money, why is the SEC demanding $22 million in disgorgement? That’s the question at the center of Navellier & Associates v. SEC, a case now knocking on the door of the U.S. Supreme Court. Appellate litigator Igor Timofeyev of Paul Hastings unpacks the growing legal divide over how far the SEC can go in punishing conduct—even when investors walk away with profits.

Behind the Headlines: Why the SEC's Retreat Isn't the Reform You Think It Is

Update: Supreme Court Petition Filed & Entrex Shareholders Win Against FINRA

ICAN Halts SEC's Attempt to Erode Supreme Court Precedent Federal Court in Massachusetts Rejects SEC's "Due Process Tax" Against Innocent Individual

The Investor Choice Advocates Network (ICAN), which represented the PulseChain Foundation as amicus curiae, played a crucial role in challen

Former SEC Senior Counsel and Securities Law Experts Release Comprehensive SEC Reform Blueprint