Tag Archives: Gensler

Securities & Exchange Commission Chair Gary Gensler suggested Wednesday in an exclusive interview with Yahoo Finance Live failed crypto exchange FTX violated securities laws by using customer assets to trade at its affiliated hedge fund, Alameda Research. “I can’t speak to any one case or any one situation, but our securities laws say that you need to properly segregate customer funds,” Gensler said. “You also shouldn’t be running a broker dealer or a hedge fund, and an exchange. The New York… Source link

Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Wednesday hopes this will be the year the . As lawmakers and the crypto industry’s major players , Washington’s regulatory agencies have been at the forefront of those discussions. A number of proposals are floating around Congress and the Executive branch, yet it’s unclear whether 2022 will see any of them get implemented. “You shouldn’t put timelines on yourself, but I will say I sure hope so,” Gensler told… Source link

The hot demand for investment securities linked to bitcoin does not appear to be moving the U.S. Securities and Exchange Commission’s stance toward other products more directly linked to the cryptocurrency. SEC Chair Gary Gensler said he still has concerns about investor protection in the $2.5 trillion market for crypto assets. “Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long,” said Gensler at Yahoo Finance’s… Source link

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will lean on corporate disclosures as the Biden administration sets its eyes on curbing anti-competitive behavior. In a meeting of the newly-formed White House Competition Council set to take place later this week, Gensler will also emphasize the agency’s examination of the impact of revenue models like payment for order flows, a senior SEC official told Yahoo Finance. The SEC is one of six independent agencies scheduled to… Source link

(Bloomberg) — Gary Gensler pledged to scrutinize trading apps that have exploded in popularity, signaling the Biden administration’s pick to lead the U.S. Securities and Exchange Commission plans to confront issues central to wild stock swings that have shocked Wall Street and Capitol Hill. Gensler, testifying during a Tuesday confirmation hearing before the Senate Banking Committee, said a top concern is that upstart technologies are prompting less sophisticated investors to take risks… Source link