Wall Street Cop Gensler Pledges Big Cases, Faster Investigations
- SEC to focus on ‘high-impact’ enforcement probes, he says
- Agency chief also signals he wants to speed up settlements
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Securities and Exchange Commission Chair Gary Gensler warned the financial industry that he won’t shy away from going after big firms pushing the limits in areas that are priorities for the agency, including crypto trading, cyber fraud and SPACs.
Wall Street’s top regulator, making his first speech on his approach to enforcement, said he wanted to speed up probes and “hold bad actors accountable,” especially when it comes to headline-grabbing infractions.