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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)

Summary written by Dark Majestic in its own words · topics: financial stability

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

ContextWritten budget testimony to the Senate subcommittee that funds the SEC, the US investor-protection agency, in an election year with pressure to slow new rules.

Why it mattersThe SEC chair seeks more enforcement staff from Senate appropriators.

Problems raised
  1. Enforcement cases are growing more complex.
  2. Vulnerable investors need protection.
  3. Funds and advisers manage savings for millions.
Solutions proposed
  1. Add enforcement staff to speed investigations.
  2. Examine registrants' duties to clients.
  3. Strengthen oversight of funds and advisers.
Read full speech on sec.gov ↗

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