The head of the U.S. Securities and Exchange Commission (SEC) plans to defend its rulemaking and policing of market misconduct at a Tuesday hearing led by Republican lawmakers who have accused it of overstepping its authority.
plans to require companies to disclose climate-related risks, among numerous other reforms.
"Forsaking investor protection puts real people's life savings at risk. The goal is to protect our 'clients': U.S. investors," he said in the prepared remarks.last week said the agency's rulemaking under Gensler is "torrential, disjointed and rushed." Republican SEC Commissioner Hester Peirce has also criticized the agency's agenda and engagement with industry.
"Today's Commission treats the notice-and-comment rulemaking process not as a conversation, but as a threat," she said at a public meeting to discuss aThe SEC has also actively policed market misconduct, levyingProgressive lawmakers and investor advocates have praised the SEC and pushed for Congress to give the agency more resources.
The "SEC is making significant progress in its mission to protect investors and maintain fair, orderly, and efficient markets," Stephen Hall, legal director and securities specialist at Better Markets, said in a statement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blockchain platform for trading securities OTC moves forward with SEC approvalBlackStar spent almost two years in communication with the SEC, answering dozens of questions and comments from examiners.
Read more »
SEC charges crypto exchange Bittrex and former CEO with flouting securities lawsThe U.S. Securities and Exchange Commission on Monday charged crypto trading platform Bittrex Inc. and its co-founder and former CEO William Shihara with...
Read more »
SEC Drops New Crypto Bombshell: OMG, DASH, and ALGO Named Among Unregistered SecuritiesThe US Securities and Exchange Commission (SEC) has dropped a bombshell on the crypto industry, naming OMG, DASH, and ALGO among unregistered securities in a court complaint filed against Bittrex
Read more »
SEC charges Bittrex with unregistered operations, calls six tokens securitiesThe U.S. Securities and Exchange Commission has filed a complaint against crypto asset trading platform Bittrex accusing it of unregistered securities operations.
Read more »
SEC charges crypto exchange Bittrex for violating US securities laws | EngadgetThe SEC alleges Bittrex, once one of the largest crypto exchanges in the US, operated as an unregistered securities exchange..
Read more »
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities RulesThere seems to be no corner of crypto -- not even DeFi -- that GaryGensler and the SECGov think is a no-go for securities rules. Holdout Commissioner HesterPeirce suggests the SEC seems willing to kill off crypto firms. jesseahamilton takes a look
Read more »