SEC unveils goals for next 4 years

Draft strategic plan focuses on commission's need to react to new investing technologies.

Technology and data are top of mind for the SEC in the initial draft of its strategic plan for fiscal years 2018—2022.

The SEC sets three goals in the document, which was released for comment in June, but the overarching theme is the need for the commission to improve its ability to react to and employ new technologies that are changing the nature and speed of investing.

"Our securities markets and the technologies that support those markets and our internal operations are also evolving and innovating at a fast pace," the SEC writes in the draft. "These changes present numerous benefits, as well as challenges. Future success requires the SEC to be efficient and nimble in the allocation of our resources."

The goals in the draft are as follows:

  • Goal 1: Focus on the long-term interests of Main Street investors. 
  • Goal 2: Recognize significant developments and trends in evolving capital markets and adjust efforts to ensure the commission is effectively allocating its resources. 
  • Goal 3: Elevate the SEC's performance by enhancing analytical capabilities and human capital development. 

The draft of the SEC's strategic plan is available at www.sec.gov.

SPONSORED REPORT

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.