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Oral Testimony Before the Senate Appropriations Subcommittee on Financial Services and General Government

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiOral Testimony Before the Senate Appropriations Subcommittee on Financial Services and General Government

ContextOral budget statement to the Senate subcommittee that funds the SEC, the agency that polices US securities markets, while several of its rules were challenged in court.

Why it mattersThe SEC chair warns senators that oversight suffers without more resources.

Problems raised
  1. Market oversight is at risk without resources.
  2. Finding bad actors becomes harder.
  3. Issuers wait longer for SEC responses.
Solutions proposed
  1. Give the SEC additional resources.
  2. Keep markets working for investors and issuers.
  3. Support capital formation and innovation.
Read full speech on sec.gov ↗

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