This Week in Startups E1136: SEC Commissioner Hester Peirce on evolving accreditation laws, SPACs, importance of capital markets in wealth creation, spotting fraud & more
Nov 10, 2020
Hester Peirce, a Commissioner of the U.S. SEC recognized for her insights on cryptocurrency, discusses crucial regulatory reforms. She emphasizes the need for fair accreditation laws to enhance access to capital markets for diverse socioeconomic groups. Peirce navigates the complexities of private market investments and advocates for investment education to protect against scams. The conversation also touches on the essential role of honesty in fundraising, especially in an evolving investment landscape that includes SPACs and crypto.
AI Snips
Chapters
Transcript
Episode notes
US Innovation
- The US has a unique blend of capitalism and democracy, fostering trust and innovation.
- This has led to the creation of globally successful companies like Amazon, Google, and Facebook.
SEC's Role
- The SEC's mission is to protect investors, maintain fair markets, and facilitate capital formation.
- Hester Peirce emphasizes the importance of a balanced approach to regulation, acknowledging that markets generally function well.
Working at the SEC
- People who choose to work at the SEC are often motivated by principle and a belief in capital markets.
- They prioritize making a positive impact over maximizing their earnings potential.