SEC's Rulemaking Challenges

Lawrence expresses concern over the SEC's reliance on environmental activists while neglecting the needs of individual investors, which is central to the agency's mandate. His comment letter, co-authored with scholars, sparked significant reactions and influenced the broader debate on the proposal, highlighting the legal authority issues the SEC may face. Notably, he was pleasantly surprised to see his letter quoted in a feature by The Economist, underscoring its impact.