During a hearing on cryptocurrency held by the Senate Banking Committee, Mr. Clayton was questioned by Sen. Elizabeth Warren, D-Mass., over a news report that the Securities and Exchange Commission was considering allowing companies to prevent investors from filing class-action lawsuits by requiring arbitration instead.
Asked whether he would support what Ms. Warren said would be an “enormous change,” Mr. Clayton said that while he could not dictate whether the issue comes before the Securities and Exchange Commission, he is “not anxious to see a change in this area.”
‘Enforcement 40’ for 2020
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