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.
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Keywords: gary gensler, investment strategy, business news, virtu financial inc, breaking news: markets, wall street, stock markets, markets,