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Testimony Before the House 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 WikiTestimony Before the House Appropriations Subcommittee on Financial Services and General Government

ContextBudget hearing before the House subcommittee that funds the SEC, the agency that protects investors, in the middle of the March 2023 bank turmoil.

Why it mattersGensler asks House appropriators for more enforcement staff.

Problems raised
  1. Enforcement faces complex misconduct.
  2. Seniors need protection.
  3. Funds and advisers hold millions of savings.
Solutions proposed
  1. Add staff to speed enforcement.
  2. Examine registrants' duties to customers.
  3. Strengthen oversight of funds and advisers.
Read full speech on sec.gov ↗

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