From Archegos to Crypto, Gensler Signals Cop Is Back on Beat
- Gensler pledges close look at numerous market issues
- House testimony pleases Democrats who want tougher rules
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Wall Street’s new overseer confirmed he won’t back down from tough battles with the financial industry as he laid out an agenda for increased regulation in numerous contentious areas.
Gary Gensler, making his first appearance before Congress after being sworn in as Securities and Exchange Commission chairman, pledged Thursday to confront long-simmering issues in the stock market that led to this year’s wild price swings in shares of GameStop Corp. and fueled concerns that retail investors are getting short shrift from popular trading apps.