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Gary Gensler Faces Union Fight Over Pay as He Moves Ahead With His Agenda

  • SEC worker group says chair takes ‘aggressive’ stance in talks
  • Dispute comes as Gensler set to advance new Wall Street rules
Gary Gensler
Gary GenslerPhotographer: Andrew Harrer/Bloomberg

Gary Gensler’s bold push for new rules already has Wall Street on edge. Now, his hard-charging style is fueling a clash with some of the Securities and Exchange Commission’s own employees.

The agency’s union took the unusual step of singling out the chair by name last month, accusing Gensler of pursuing “an aggressive, anti-employee agenda” in discussions about pay and benefits. The two sides are now in federal mediation after the worker group demanded an intervention.