Gary Gensler Lays Out Enforcement Priorities at Senate Hearing
Wealth Management cites Research Fellow Richard Morrison and Senior Fellow John Berlau on the SEC and Gary Gensler:
But representatives from the Competitive Enterprise Institute wanted senators to question Gensler on his regulatory approach, with Research Fellow Richard Morrison warning that SEC proposals for ESG goals could “choke off capital flows to industries that are legal yet politically disfavored.”
Senior Fellow John Berlau hoped Gensler would keep other rules in place.
“They should also encourage him to not roll back recent liberalizations of the ‘accredited investor’ rule to allow knowledgeable, non-wealthy investors to invest in early-stage private companies and to look at liberalizing the rule further to promote more equality of opportunity among investors,” he said, referring to last year’s rule that expanded the accredited investor definition.