Bass, Berry & Sims attorney Jay Knight was quoted extensively in the book, Financial Regulation and Compliance, suggesting how a company can participate in the federal regulatory rulemaking process. Jay, drawing on his experience as a former attorney with the SEC's Division of Corporation Finance, recommends that a company participate in the comment letter process to voice ideas and concerns related to proposed rules. According to Jay, "he has often seen changes in the final rule based on the comments made by the public, and notes that, particularly at the SEC, there will be extensive footnotes in the SEC's final rules citing to comment letters, and indicating that the revision made often reflects the view that a majority of the commenters expressed."
Jay is quoted throughout the chapter, "How to Participate in the Regulatory Comment Process," in the book Financial Regulation and Compliance: How to Manage Competing and Overlapping Regulatory Oversight (Copyright 2015). The book was written by H. David Kotz, Managing Director at Berkeley Research Group an international expert services and consulting firm and previously the Inspector General at the SEC, and provides compliance professionals with a one-stop resource for navigating the numerous regulations that have been enacted in response to the financial crisis. Information about Financial Regulation and Compliance is available on the Wiley Finance Series website.