House Committee on Financial Services Explores Need for SEC Reform Amid Concerns Over Gensler’s Leadership
1 year ago
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House Committee members grilled SEC Chair Gary Gensler over concerns about regulatory overreach and lack of transparency. Calls for SEC reform are mounting, with critics citing insufficient feedback periods and a focus on social justice initiatives over the agency's core mission. Ranking member Maxine Waters defended the SEC, emphasizing the need for reform to protect investors and provide transparency.
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