Securities and Exchange Commissioner (SEC) Chair Gary Gensler supported the White House’s budget boost request for the stock market watchdog. But Mr. Gensler warned that the funds appropriated were tens of millions of dollars less than what his federal agency originally requested for the upcoming fiscal year. The Senate Appropriations Committee appropriated $2.4 billion to…

Securities and Exchange Commission (SEC) head Gary Gensler does not want the U.S. financial system to return to the 1920s, a time before the government adopted federal securities laws. Gensler delivered a virtual keynote address to the Piper Sandler Global Exchange & FinTech Conference in New York on June 8, providing a combative defense of…

Commentary The Financial Services Committee of the U.S. House of Representatives met last week to conduct an oversight hearing on the Securities and Exchange Commission (SEC). While many topics were covered in this marathon session, by far the most important, and the impetus for the hearing, was a growing concern by both Republican and Democrat…

Is the U.S. labor market starting to cool? The U.S. economy added 236,000 jobs in March—lower than February numbers. An economic analyst tells us that moderation is the theme of the day. The IRS releases details on how it plans to use $80 billion in new funding for improved operations. It is pledging more audits…

Commentary Three Chinese tech companies on Feb. 21 lost $33 billion of value in U.S. stock trading. Alibaba Group, JD.com, and PDD Holdings are finding it harder to expand internationally, and so turned to cutthroat competition with each other for domestic markets that will likely demolish their prices and profits. While within the last few…