Assignment task: Public policy
Comment on the following quotation, with a particular emphasis on whether there may be changes to make to the "bargain" described below as the securities industry continues to evolve.
"For the last 90 years, our capital markets have relied on a basic bargain.
Investors get to decide which risks to take as long as companies provide full, fair, and truthful disclosures. We oversee this bargain through a disclosure-based regime."
[SEC Chair Gary Gensler's remarks to the Investor Advisory Committee in September 2022]