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Join the Securities Litigation and Enforcement Group on LinkedInSenate Republicans want the SEC to explain why staff are quitting | Reuters
Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. The private letter dated Oct. 27 from Senate Republicans to the chair of the Securities and Exchange Commission, […]
Gary Gensler’s Bad Performance Review – WSJ
Businesses have been warning that Securities and Exchange Commission Chair Gary Gensler’s fast-and-furious regulation could cause damage across the economy. Now agency officials and Democratic Senators are raising alarms too. The SEC Office of Inspector General this month issued a withering review of Mr. Gensler’s leadership that would probably get a CEO of a public […]
The SEC is Busy – Bloomberg
A somewhat exaggerated model you could have for the US Securities and Exchange Commission under its current chair, Gary Gensler, is that Gensler wants to remake all of securities regulation all at once…. You could imagine the SEC’s staff loving this. “Finally, after years of not remaking securities regulation, we’ve got something exciting to do!” But it […]
American Express Elects Jay Clayton to Board of Directors | Business Wire
American Express Company today announced that Walter Joseph “Jay” Clayton has been elected to its Board of Directors, effective October 5, 2022. Mr. Clayton served as the Chairman of the U.S. Securities and Exchange Commission (SEC) between 2017 and 2020 and is currently a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell LLP. […]
Crypto VC Electric Capital Names Ex-SEC Chair Clayton as Adviser – Bloomberg
Former Securities and Exchange Commission Chairman Jay Clayton has joined venture firm Electric Capital as an advisor, part of a growing wave of ex-regulators flocking to the crypto space as the industry faces increasing scrutiny. Kevin Warsh, a former member of the Federal Reserve Board of Governors, and Pratiti Raychoudhury, vice president and head of […]
SEC Chief to Wall Street: The Everything Crackdown Is Coming – AdvisorHub
The joke in Washington is that Gary Gensler could inspire his own version of the game, “Drink Every Time…” The rules: Down a shot every time the U.S. Securities and Exchange Commission chief says he’s “asked the staff” to consider new regulations. Gensler has “asked the staff” about oversight for crypto — drink. For online […]
Gary Gensler confirmed to lead the SEC, Wall Street’s top regulator
Gary Gensler will lead the Securities and Exchange Commission after the Senate voted 53-45 on Wednesday to confirm his nomination to the nation’s top financial regulator. Gensler, chosen for the role by President Joe Biden, will now play a key part in enforcing and drafting the rules that govern Wall Street, investors and a wide […]
Leon Black quits leadership positions at Apollo | Financial Times
Leon Black has quit his leadership positions at Apollo Global Management, ceding power after the investment firm he co-founded 30 years ago became overshadowed by an outcry over his ties to the late paedophile Jeffrey Epstein. Former Securities and Exchange Commission chairman Jay Clayton will become non-executive chairman, a role that Apollo had previously indicated […]
Chamber of Commerce endorses Gary Gensler to serve as SEC chair – The Washington Post
The U.S. Chamber of Commerce, the country’s largest business lobbying organization, is throwing its weight behind Gary Gensler, President Biden’s pick to lead the Securities and Exchange Commission. Gensler, a former Goldman Sachs partner who turned into an aggressive financial industry regulator and progressive darling, was expected to win confirmation thanks to his support among […]
What’s Ahead at the SEC? | The D&O Diary
President Biden’s nominee to head the SEC, Gary Gensler, faced a grilling today before the U.S Senate banking committee as his nomination proceeds through Congress. Although the outcome of his nomination technically remains uncertain, his eventual confirmation seems likely. With that possibility in mind, it seems timely to look ahead at some of the issues […]