Gary Gensler to Lead SEC
In a 53-45 vote, the Senate has confirmed Gary Gensler to take charge as chair of the Securities and Exchange Commission (SEC). Gensler’s nomination comes at a critical time for the SEC, which will be heavily engaged in reviews of special purpose acquisition companies, also known as SPACs, as well as issues with trading systems that led to a highly publicized trading frenzy on certain stocks in early 2020.
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