Gensler Pushed by Industry for More Time to Comment on SEC Plans
- Trade groups want more opportunity to respond to proposals
- SEC chief has proposed slew of new regulations for Wall Street
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Two dozen financial-services trade groups are asking Securities and Exchange Commission Chair Gary Gensler for more time to comment on new rules that the watchdog is proposing.
Since Gensler took over a year ago, the SEC has been weighing a slew of regulations that affect companies from hedge fund managers to Wall Street high-frequency trading firms. The pace with which the agency has introduced the plans -- and the time it’s allowed for comment on them -- has drawn the ire of Republican lawmakers and business groups.