The New Deregulatory SEC

Masters in Business

Bloomberg

Entrepreneurship, Investing, Business

4.4 • 2.2K Ratings

🗓️ 24 December 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big changes are afoot at the Securities and Exchange Commission. More IPOs, more crypto, and less enforcement are coming as the SEC becomes smaller and much more corporate-friendly. What might this mean for investors?

Michelle Leder is a researcher covering corporate SEC filings; she founded the research service “Footnoted,” focusing on uncovering material information hidden in corporate SEC filings. She's the author of the book, “Financial Fine Print, Uncovering A Company's True Value.”

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Transcript

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0:00.0	I'm Hannah Frye and I'm on a mission to find out about a mysterious day called Q Day,
0:06.3	which experts think could be the moment our most precious encrypted data is suddenly at risk.
0:12.7	Learn more later in the podcast.
0:15.1	Hello, I'm Joel Weber.
0:16.3	And I'm Eric Balchunis.
0:17.4	We're the hosts of the Trillions podcast from Bloomberg, a deep dive into all things, ETFs and investing. Eric, what's so amazing about ETFs? It's never a dull moment. They track everything under the sun, four new ETFs launch a day, and they take in $4 billion every day. So it's where all the money's flowing to, and a lot of the innovation is happening. I call it the Silicon Valley of the investing world.
0:38.4	As you can hear, Eric's passion about them.
0:40.2	My role is to try and keep him in check and make all of us a little bit more understandable for the rest of us.
0:45.7	Not always easy, but always worth a listen.
0:47.7	So listen to Trillions on Apple, Spotify, wherever else you get your podcast.
1:06.8	I'm breaking. wherever else you get your podcast. Hey, what's going on with the rules for company disclosures? Are they changing? What's happening with
1:13.5	crypto companies, mergers and acquisitions, even executive comp. It's now under a new regime at the
1:20.7	SEC, and some shareholder activists are crying foul. What's going on with the new deregulatory zeal?
1:30.8	To help us unpack all of this and what it might mean for your portfolio, let's bring in
1:35.9	Michelle Leder.
1:36.5	She is an SEC filing specialist and founder of the Research Service footnoted, focusing
1:43.9	on material information hidden in corporate
1:47.9	SEC filing.
1:48.9	She's also the author of the book, Financial Fineprint, Uncovering a company's true value.
1:54.9	So, Michelle, let's start out talking about the new regulatory stance, or should I say deregulatory stance,
2:05.3	at the SEC, it's a little easier, it's a little more corporate friendly.
2:09.2	What's the state of regulations for public companies these days?
	...

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