Securities and Exchange Commissioner (SEC) Chair Gary Gensler supported the White House’s budget boost request for the stock market watchdog. But Mr. Gensler warned that the funds appropriated were tens of millions of dollars less than what his federal agency originally requested for the upcoming fiscal year. The Senate Appropriations Committee appropriated $2.4 billion to…
SEC Requests Bigger Budget to Tackle ‘Wild West of the Crypto Markets’
July 20, 2023
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Business & Marketscongresscryptocurrencyeconomic policiesgary genslerMarketsPoliticsSecurities and Exchange Commission (SEC)USUS News
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SEC’s Gensler Likens Crypto to ‘Fraudsters, Scam Artists, Ponzi Schemes’ of 1920s
Securities and Exchange Commission (SEC) head Gary Gensler does not want the U.S. financial system to return to the 1920s, a time before the government adopted federal securities laws. Gensler delivered a virtual keynote address to the Piper Sandler Global Exchange & FinTech Conference in New York on June 8, providing a combative defense of…
US Doesn’t ‘Need More Digital Currency,’ SEC Chief Says as Agency Cracks Down on Crypto
The U.S. economy does not need any more digital currencies, according to Gary Gensler, the Securities and Exchange Commission (SEC) chief. Appearing on CNBC’s “Squawk on the Street” on June 6, Gensler asserted that cryptocurrency and virtual tokens are unnecessary in today’s economic landscape. “Look, we don’t need more digital currency,” he told the business…
ANALYSIS: Nasdaq Golden Dragon Index Plunges as China Concept Stocks Retreat to Hong Kong
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina Concept Stocksgary genslerHK BusinessHong KongJanet YellenMarketsNasdaq Gold Dragon China IndexThe Holding Foreign Companies Accountable ActTsai Ing-wenUS-China relations
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News Analysis The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China. Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong. The Nasdaq Golden Dragon China Index,…
Republicans Request SEC Documents Related to FTX, Sam Bankman-Fried, and DoJ
Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…
Oversight: Republicans Request Documents Related to FTX, Sam Bankman-Fried, and DoJ
Rep. Patrick McHenry (R-N.C.) and Rep. Bill Huizenga (R-Mich.) are requesting information relating to the arrest of failed cryptocurrency exchange FTX founder Sam Bankman-Fried from Securities and Exchange Commission (SEC) Chair Gary Gensler. Huizenga, who is the Oversight and Investigations Subcommittee Chairman, issued a press release saying he and McHenry, who is the chairman of the…
Here Are the Senior Biden Officials Entangled in Durham’s Criminal Russiagate Probe
July 23, 2022
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Caroline KrassDafna Randgary genslerHillary ClintonJake SullivanJanuary 6john durhamJudiciaryPolicies & ImpactsPoliticsRussiagateUSUS News
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Several individuals connected to a 2016 Hillary Clinton campaign plot to cast Donald Trump as a covert Kremlin collaborator are working in high-level jobs within the Biden administration—including at least two senior Biden appointees cited by Special Counsel John Durham in his “active (and) ongoing” criminal investigation of the scheme, according to recently filed court documents. Jake Sullivan,…
US SEC Chair Gensler Seeks to Scrutinize Private Fund Fee Arrangements, Side Letter Provisions
November 10, 2021
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WASHINGTON—The chair of the U.S. Securities and Exchange Commission said on Tuesday that the agency will consider new rules that scrutinize private fund fee arrangements, side letter provisions. Gary Gensler, in a keynote address to members of the Institutional Limited Partners Association, added that the agency rules would aim to mitigate conflicts of interest between…
Does Collusion Between Wall Street and the CCP Fuel Chinese Trading in US?
October 3, 2021
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AnalysisCCPChinaChina Business & EconomyChina Securities Regulatory Commission (CSRC)China-U.S. Financial RoundtableCUFRFang Xinghaigary genslerNeuberger BermanOpinionSECSecurities and Exchange CommissionUS-China relationsWall Street
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News Analysis While the Securities and Exchange Commission (SEC) continues to signal tighter audit standards for Chinese companies listed in the United States, the Chinese Communist Party (CCP) has been meeting privately with Wall Street firms to launch wholly-owned mutual funds in the Chinese capital market. Experts believe Wall Street will remain as a middleman…
US SEC Chair Wants Private Fund Fee Disclosures, Bond Market Transparency: Testimony
September 14, 2021
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Business & EconomyCompaniesDisclosuresEconomieseconomyfundgary genslermarketMarketsprivateregulatorsecuritiestransparencyUSUS News
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WASHINGTON—The chair of the top U.S. securities regulator wants private funds to disclose more information to investors about potential conflicts of interest and the fees they charge, according to congressional testimony published Monday evening. Gary Gensler, chair of the Securities and Exchange Commission (SEC), also wants to impose greater transparency on the corporate bond, municipal…
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