President-elect Biden’s pick to lead the SEC, Gary Gensler, will be a thorn in the finance industry’s side if he takes over the U.S. watchdog. Tougher enforcement is likely, says @GinaChonhttps://t.co/rTv9mDzzpr (Corrected: changes Biden’s title. A previous tweet was deleted.) https://t.co/2d7KW1dOA9
@Breakingviews@ReutersBiz@GinaChon for the record: federal regulations site trump admin
- rescinded oversight trading
- rescinded 401k protections
- reduced oversight on banking
- rescinded oversight on funding accounts
- rescinded oversight on overseas transfers
- expanded how much per transaction before flags