HomeAbout

TL;DR CNBC


Gensler is testifying before Congress and facing increasing lawsuits over his many rule changes - TL;DR CNBC

Gensler is testifying before Congress and facing increasing lawsuits over his many rule changes

Publishing timestamp: 2023-09-27 10:10:33


Summary

SEC Chair Gary Gensler is facing criticism and legal challenges from Republicans and the financial services industry over his rulemaking proposals. The industry is adopting a more confrontational stance and resorting to litigation against the SEC. Gensler is not backing down and will continue passing new rules. Critics are hoping for Democrats to join Republicans in asking Gensler to slow down, but it remains to be seen if that will happen.


Sentiment: NEGATIVE

Tickers: VIRT

Keywords: gary genslerinvestment strategybusiness newsvirtu financial incbreaking news: marketswall streetstock marketsmarkets

Source: https://www.cnbc.com/2023/09/27/sec-chair-gensler-facing-increasing-lawsuits-over-his-rule-changes.html


Developed by Leo Phan