Picking Gensler for SEC Another Sign Biden’s Bringing More Regulation to Wall Street
Inside Sources cites Research Fellow Richard Morrison on President Biden’s choice of Gary Gensler as chairman of the Securities and Exchange Commission:
Opponents of increased regulation feel the SEC should steer clear of partisan political initiatives. Richard Morrison, of Competitive Enterprise Institute, said: “I urge Mr. Gensler to focus on the Commission’s core mission of protecting investors and facilitating capital formation, not on divisive initiatives like forcing companies to report on whether they’ve supported a laundry list of political causes.”