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SEC Chair Gensler Suggests Lummis-Gillibrand Bill May ‘Undermine’ Market Protections



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“Frankly, if I can turn away from the legislation, we don’t want to undermine the protections we have in a $100 trillion capital market. You don’t want our current stock exchanges, our current mutual funds, our current public companies [to] sort of inadvertently by a stroke of a pen say ‘you know what, I want to be noncompliant as well, I want to be outside of the regime’ that I think has been quite a benefit to investors and economic growth over the last 90 years,” Gensler said.



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