US SEC prepares to approve draft 19b-4, contradicting previous position
According to Odaily, insiders revealed on Monday that the U.S. Securities and Exchange Commission's (SEC) Division of Trading and Markets notified exchanges of its intention to approve 19b-4 this week, a change from to his position two weeks ago. The issuer responsible for the S-1 reportedly contacted the SEC, but review staff at the SEC's Division of Corporate Finance appeared to have a different opinion than the Division of Trading and Markets. It's worth noting that the SEC's Division of Trading and Markets is responsible for reviewing 19b-4, while the Division of Corporate Finance is responsible for reviewing S-1.
One insider said: "They haven't even coordinated internally, so it's probably a political decision." Some sources speculate that the SEC's change of heart may be politically motivated due to the upcoming election. The SEC's decision to approve 19b-4 represents a significant shift in its stance, and the lack of internal coordination suggests political factors may be at play. Contrasting opinions within SEC divisions highlight the complexity of the regulatory landscape.
Fuente: Binance News
