U.S. Securities and Exchange Commission, every mention
72 scenes · ← back to U.S. Securities and Exchange Commission
tap a year for its mentions
every year anyone Richard Sandler 9Eric Ries 7Ted Seides 6Matt Brown 6Kristof Gleich 5Charlie Ellis 5Roz Hewsenian 4Ana Marshall 4Matt Levine 3Jack Kokko 3
Verbatim, from the transcripts: the passages where U.S. Securities and Exchange Commission comes up
Moat Investing Nuances – Pat Dorsey (EP.509)
- ▶ 44:20 Pat Dorsey One is called the SEC, which is the nastiest securities regulator on the planet, which is great for us as investors.
Kieran Goodwin – Private Credit Concerns (EP.494)
- ▶ 43:03 Kieran Goodwin You literally need an SEC exemption, and that's not because prices are low. 2 times in the scene
Jeremy Grantham – Bubbles, Value Investing, and the Long Game at GMO (EP.493)
- ▶ 1:18:35 Jeremy Grantham To put this into perspective, Greenspan and Summers and Levitt of the SEC waged war against the CFTC doing its job of regulating subprime instruments.
David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)
- ▶ 10:20 David Lyon We had to go down to the stupid IBIS machine and get the estimates off the machine, and we had to get paper stacks of SEC documents.
Mike Trigg and Sanjay Ayer – The Discipline of Getting Better at WCM (EP.467)
- ▶ 39:06 Sanjay Ayer Put all this data in there, whether it's SEC filings, transcripts, sell-side reports, expert transcripts, and look for change.
Jack Kokko – Building the Google of Finance at AlphaSense (EP.461)
- ▶ 6:31 Jack Kokko So as we built a system that was able to do all that and look at an earnings call happening in Japan or SEC filing in the US, all the information around the world, all companies using different vocabulary and reliably find every single…
- ▶ 9:48 Jack Kokko So all the SEC filings, global filings from every country with a stock exchange, earnings call, transcripts, conference presentations at every investment banks, and then of course, press releases, news, and then broker research, getting
- ▶ 13:11 Jack Kokko Stated in a SEC filing or research report or expert interview, and we have made our user interface such that it's very easy on the same screen to see all those citations in the narrative format answer, but also dig deep into the underlying…
Howard Marks – Navigating Private Credit (EP.439)
- ▶ 17:09 Howard Marks But issued privately without the benefit of registration, SEC, oversight, et cetera.
- ▶ 32:57 Howard Marks And by the way, the SEC doesn't look at these things, because these are private investments, so they don't require accuracy.
Donald Miller - Building a Story Brand (EP.426)
- ▶ 15:17 Donald Miller Sometimes there's SEC compliance that you have to work around and make sure that you're compliant, but other than that, it's just
Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411)
- ▶ 18:57 Kristof Gleich So back in December of 2019, the SEC released what's been now called the ETF rule. 5 times in the scene
- ▶ 35:14 unnamed speaker They only got their SEC sort of registration three or four years ago.
Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410)
- ▶ 22:43 unnamed speaker These are 40 Act vehicles, so they're SEC registered. 4 times in the scene
Chris Dixon - Empty Rooms: Web3 After the Fall (EP.380)
- ▶ 49:14 Chris Dixon If you start adding to it and trying to make it useful, like I'm describing, like make a game around it, that's when you run into murky area with the SEC, because it's about how we test, it's the efforts of others.
Shiloh Bates – CLO Investing at Flat Rock Global (EP.379)
- ▶ 35:04 Shiloh Bates And then if you're an investor in an interval fund, it's the same SEC reporting as mutual fund.
Jonathan Tepper - Buying Monopolies at Prevatt Capital (EP.375)
- ▶ 28:39 Jonathan Tepper I'll go away and read hundreds of news articles, obviously read all the financial filings, whether they're SEC or other regulatory agencies that companies often have to file with.
Michael Leffell – Opening Doors to Niche Private Opportunities at 10 East (EP.373)
- ▶ 15:34 Michael Leffell So in the early years, we would have someone stationed at the SEC, and when a company we were following filed something, this person or company would take it and fax it back to us, and
Richard Sandler – The Prosecution of Michael Milken (EP.372)
- ▶ 22:48 Richard Sandler And so people complained to the SEC, they complained to Congress, and now you had a guy 4 times in the scene
- ▶ 33:49 Richard Sandler They settled with the SEC and the U.S. 3 times in the scene
- ▶ 1:03:42 Richard Sandler Maybe this should be an SEC matter. 2 times in the scene
Ron Biscardi – Inside iConnections Global Alts (EP.367)
- ▶ 12:59 Ron Biscardi Three months ago, if you had asked me, I would have said the digital asset firms are going to struggle, but I think the Bitcoin ETF getting approval by the SEC has been a really positive development, and I think investors are still curious…
Morgan Housel – Same as Ever (EP.359)
- ▶ 46:13 Ted Seides I love your idea that Musk, the guy who spent so much time seriously thinking about how we're going to colonize Mars, is not the same guy who's going to follow an SEC guidelines on Twitter.
Jenn Birmingham – Organizational Alpha at PRINCO (EP. 336)
- ▶ 1:03:49 Jen Birmingham We've actually even helped with job specs and interviewing some people, so there were a few literally emerging market managers who were SEC registered, and so they wanted a sense as to what kind of caliber of person should sit in that…
Sachin Khajuria and Brendan Ballou – Private Equity: Profit or Plunder? (EP.331)
- ▶ 41:58 Brendan Ballou There are things that federal regulators, the SEC, Treasury, Federal Reserve, and so forth, could take on.
David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
- ▶ 8:31 David Abrams Where the SEC was instituting more liquidity and transparency through a trading system called Trace.
Ana Marshall – Preparing for the New Environment at Hewlett (Capital Allocators, EP. 288)
- ▶ 33:52 Ana Marshall And the fear, I would say, that exists in the legal department of every S&P 500 company that you will, in two years time, or whenever the SEC decrees it, you will now have to disclose your GHG emissions, scope one, scope two, scope three,… 4 times in the scene
Melanie Pickett – Modern Technology in the Investment Office at Northern Trust (Capital Allocators, EP.281)
- ▶ 39:42 Melanie Pickett Certainly I have one where I knew what the fund was doing was illegal and called my buddy at the SEC.
Jon Ballis – In the Room Where Private Equity Happens at Kirkland & Ellis (Capital Allocators, EP.277)
- ▶ 47:48 Ted Seides The SEC touches on the public side and increasingly on the private side.
Matt Brown – Tidal Wave of Capital for Alternatives from Retail (Capital Allocators, EP.272)
- ▶ 21:25 Matt Brown The SEC is also gradually coming towards being a little more flexible on 3 times in the scene
Adam Wyden - ADW Capital (Manager Meetings, EP.37)
- ▶ 20:44 Adam Wyden I don't think that SEC even had it on file.
SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
- ▶ 36:08 unnamed speaker How have you gotten past SEC regulations or tax accounting challenges?
Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
- ▶ 37:30 Avichal Garg You have to be registered in the SEC.
Sarah Samuels – Framework and Rigor at NEPC (Capital Allocators, EP.264)
- ▶ 37:45 Sarah Samuels We were able to use technologies to look at SEC examination letters in a safe way remotely.
Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
- ▶ 23:06 Josh Friedman We were one of the very first firms of our sort to register with the SEC.
Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262)
- ▶ 57:49 Mario Giannini They must be because the SEC said they're okay to go public.
Kathy Xu – Venture in China at Capital Today, Venture is Eating the Investment World 12 (Capital Allocators, EP.243)
Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
- ▶ 19:19 Fabrice Grinda Prosper launched, for instance, before Lending Club, but they violated the SEC rules.
Sean O'Sullivan – Start-up Development at SOSV, Venture is Eating the Investment World 3 (Capital Allocators, EP.231)
- ▶ 40:19 Sean O'Sullivan They've run into some tussles with the SEC more recently, but we're generating hundreds of millions of dollars in revenue within a few years after attending China Accelerator.
Satya Patel – Homebrew (Manager Meetings, EP.18)
- ▶ 39:13 Satya Patel And also we don't have to be registered with the SEC.
Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
- ▶ 39:11 Savneet Singh They're not, we wanted to turn them from antagonists to supporters, getting the SEC and DOJ to say, hey, we're good guys.
Matt Brown – Democratization of Alternatives at CAIS (Capital Allocators, EP.214)
- ▶ 33:29 Matt Brown Where the SEC is looking at ways to even improve democratization of financial products, but do it in a way that is controlled, do it in a way that is responsible. 3 times in the scene
Friends Reunion – Five Allocators Riff on Investing (Capital Allocators, EP.215)
- ▶ 1:08:12 Ted Seides Yeah, I mean, this is kind of, I don't think the SEC will let me say much if that's what happens, but I always obviously view myself as an investment person, but this was just sort of.
Private Equity Masters 8 – Chuck Davis – Stone Point Capital (Capital Allocators, EP.207)
- ▶ 49:44 Chuck Davis Getting a prime brokerage relationship, registering with the SEC, and raising money, and we'll own the firm with you.
Private Equity Masters 4: David Rubenstein – Carlyle Group (Capital Allocators, EP.203)
- ▶ 53:27 David Rubenstein And he was the chairman of the SEC. 2 times in the scene
Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
- ▶ 9:56 Brian Bares We went through an SEC audit.
Crypto for Institutions 3: Seth Ginns – Investing Beyond Bitcoin (Capital Allocators, EP.182)
- ▶ 15:31 Seth Ginns I remember the first SEC filing that mentioned Bitcoin and kind of feeling a level of validation, a level of
Crypto for Institutions 1: Eric Peters – The Macro Case for Bitcoin (Capital Allocators, EP.180)
- ▶ 39:07 Eric Peters You can see what walls it travels to and the FBI and law enforcement and SEC.
Acting Chairman Rostin Behnam – CFTC Regulatory Perspectives on Crypto and Climate (Capital Allocators, EP.178)
- ▶ 59:32 Rostin Behnam So my suspicion is whoever is nominated or potentially in the queue for a SEC chairmanship, this will be a priority for the administration.
Joel Greenblatt – Common Sense for Value at Gotham Capital (Capital Allocators, EP.165)
- ▶ 11:38 Joel Greenblatt And just to talk about how far that was, even in risk arbitrage, you made money by running to the SEC faster than the other guy and reading a little faster.
Sustainable Investing 9: Reuben Munger – Private Capital Perspective (Capital Allocators, EP.147)
- ▶ 19:33 Reuben Munger And so it was very reminiscent of Baupost approaches where we once owned the all SEC portfolio, meaning not a football thing, but a under investigation thing, because effectively, if you're under investigation, most investors turn away.
Daniel Adamson – Innovation from Asset Giants at Capital Constellation (EP.136)
- ▶ 42:44 Daniel Adamson But we had the infrastructure of a GP as a SEC registered investment advisor to manage capital.
Christie Hamilton – Tweeting on Allocation at Children's Health (Capital Allocators, EP.124)
- ▶ 50:21 Christy Hamilton I mean, obviously, if he laundered money, right, you can't, if he got, ran afoul of the SEC, they're, you know, that kind of stuff is important, but Cliff Aspenis' political views shouldn't matter.
Peter Kraus - Widening the Aperture on Alpha (First Meeting, EP.14)
- ▶ 30:54 Peter Kraus So I went to see the SEC and Treasury, and I said, look, at some point,
- ▶ 45:05 Peter Kraus So my visit to the SEC and Treasury was as CEO of Aputure, and
Eric Ries – Lean Start-Ups and the Long-Term Stock Exchange (Capital Allocators, EP.107)
- ▶ 4:06 Ted Seides My guest on today's show is Eric Reese, the founder and CEO of LTSE, the company that's affiliated with the SEC-approved long-term stock exchange, which seeks to build a new relationship between companies that are built to last and the…
- ▶ 26:07 Eric Ries So we allow companies to really understand who their long-term investors are by creating a mechanism for investors to make an SEC-regulated disclosure to the company of the name of the beneficial owner of the security.
- ▶ 30:25 Eric Ries But we also, we're integrated with this very obscure SEC system. 2 times in the scene
- ▶ 34:55 Eric Ries Then he read our actual filing with the SEC.
- ▶ 37:03 Eric Ries We will have subject to SEC approval.
- ▶ 44:25 Eric Ries When we got our SEC approval, nobody knew. 2 times in the scene
Matt Levine – Money Stuff (Capital Allocators, EP.97)
- ▶ 14:49 Matt Levine And often like the SEC or the justice are involved. 3 times in the scene
Roz Hewsenian –Helmsley Trust's Chief of People and Process (Capital Allocators, EP.63)
- ▶ 27:25 Roz Hewsenian Wilshire found itself in the midst of an SEC investigation. 4 times in the scene
Charley Ellis - Indexing and Its Alternatives (EP.62)
- ▶ 17:45 Charlie Ellis You could work through the SEC library down at the New York Stock Exchange where nobody went, but if you went, you could get filings that allowed you to do some background digging. 2 times in the scene
- ▶ 1:02:27 Charlie Ellis Carefully priced, and information starts to get a little choppy, and Mike Bloomberg's terminals are going to stay out there, but maybe they stop adding to them, and SEC is not going to change its rules, so that's sort of a fixed phenomenon.
Tom Lydon – ETF Trends (Capital Allocators, EP.56)
John Pfeffer - Crypto for Institutions (Capital Allocators, EP.54)
- ▶ 30:14 John Pfeffer It might be securities, according to the SEC, at least everything but Bitcoin, but they're not cash flow claims, right?
Wayne Wicker - Managing for Millions who Matter (Capital Allocators, EP.44)
- ▶ 34:16 Wayne Wicker Now you provide them with enough latitude in their guidelines, and over a period of time you may have to be able to shift, but one of the frustrations I found with SEC guidelines was you have those guidelines and you are really tied to…
- ▶ 36:13 Ted Seides So what if you looked at each of these regulatory bodies that the SEC and whoever else has a say in what you're doing, what are the constraints that they impose when it comes to making investments? 2 times in the scene
Paul Johnson and Paul Sonkin – The Perfect Investment (Capital Allocators, EP.32)
- ▶ 25:59 Paul Sonkin So you have, like, natural language processing algorithms going through all sorts of SEC filings.
Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
- ▶ 12:48 Charlie Ellis And then you go down to the New York Stock Exchange, where there was a small, dark room called the SEC Library, where Forms-Ten-K were available in drawers of cardboard files, and you could look up data on the company, and then you'd study…
- ▶ 31:58 Charlie Ellis It's information that's available to everybody all the time, because the SEC, with regulation, fair disclosure, or FD, they require it.