Gary Gensler News

Gary Gensler News From AOL News

Taming Financial Weapons of Mass Destruction

(March 9) -- The campaign to rein in a type of risky investment villainized in the economic crisis and blamed for the government bailout of AIG and the financial collapse of Greece is gaining momentum in Washington and other capitals, where officials are comparing it to piracy of another age. On Tuesday, a key U.S....

Gary Gensler News From AOL

THE HUFFINGTON POST

"Outgunned"

At a hearing before the Senate Banking Committee Tuesday morning, Securities and Exchange Commission Chairman Mary Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler told lawmakers that the demands on their agencies to expand oversight are growing, but that their pocketbooks are not.

Gary Gensler News From the Web

05/23/12 SEC Looking at JPMorgan's Financial Reporting Source: Wall Street & Technology (CMP) The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk.
05/23/12 JPMorgan Hits Washington's Reset Button Source: Forbes JPMorgan's whale is proving big enough to change the tide of regulatory reform in Washington.
05/23/12 SEC reviewing JPMorgan's filings after $2B loss Source: ABC - KOMO 4 - Seattle WA Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.
05/23/12 Republicans don't like regulations, except for when... Source: The Washington Post - Washington DC Republicans typically don't like federal regulators to stick their nose into Wall Street's business.
05/23/12 Senate Dems rip JPMorgan Source: Politico JPMorgan Chase was equal parts prop and punching bag for Senate Democrats on Tuesday as they tried to connect the bank's failings to a renewed push for tougher rules on Wall Street.