Official SEC Statement 2025-04-28
The SEC's Division of Economic and Risk Analysis (DERA) has unveiled new reports on key market segments such as public issuers, exempt offerings, and various securities, aiming to improve market transparency. According to Robert Fisher, Acting Chief Economist at the SEC, these insights provide valuable information for investors and researchers, crucial for funding personal goals like retirement and education. The reports emphasize the importance of understanding these markets for informed decision-making. DERA employs financial economics and data analytics to support the SEC's mission, addressing emerging trends and challenges in capital markets.

Statement Summary
The SEC's Division of Economic and Risk Analysis (DERA) has released new insights on critical market segments, including public issuers, exempt offerings, CMBS, ABS, money market funds, and security-based swap dealers. These reports aim to enhance transparency and aid investors, market participants, and academics in understanding capital markets, which are vital for funding personal priorities like retirement and education.
Original Statement
The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) has published new data and analysis on the key market areas of public issuers, exempt offerings, Commercial Mortgage-Backed Securities (CMBS), Asset-Backed Securities (ABS), money market funds, and security-based swap dealers (SBSD) in an effort to increase transparency and understanding of our capital markets amongst the public.
“These reports reflect important information that is valuable to investors, other market participants, and academics,” said Robert Fisher, Acting Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis. “Understanding these markets is critical because Americans rely on them to fund their retirements, educations, and other priorities.”
DERA has issued the following reports: DERA integrates financial economics and rigorous data analytics into the SEC’s core mission. It conducts detailed, high-quality economic and statistical analyses to advise on Commission matters and helps identify and respond to issues, trends, and innovations in the marketplace.