Financial Services chair McHenry send SEC second request for records related to SBF arrest

Leadership successful the United States House of Representatives Financial Services Committee was not satisfied with Securities and Exchange Commission caput Gary Gensler’s effect to their petition for documents. They person reached retired to the SEC president again successful a sharply worded letter. 

Committee seat Patrick McHenry and seat of the Oversight and Investigations Subcommittee Rep. Bill Huizenga wrote Gensler connected Feb. 10 “demanding records and communications betwixt and among some the SEC’s Division of Enforcement, the Office of the Chair, and the Department of Justice (DOJ)” successful respect to the timing of charging and apprehension of erstwhile FTX CEO Sam Bankman-Fried.

Bankman-Fried was scheduled to look earlier the Financial Services Committee, but was prevented from testifying by his arrest.

The SEC has missed deadlines for submitting the documents requested and truthful impeded the enactment of the committee. Moreover, SEC unit provided 232 pages of documents that were “publicly disposable and not responsive to the request.”

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The legislators acceptable a caller deadline for prime documents of April 17 astatine the extremity of the workday. They warned:

“Failure to nutrient the requested accusation could effect successful the Committee considering utilizing compulsory process, if necessary, to get the requested information.”

Attached to the missive were 14 pages of instructions “for the intent of this Request” for producing the worldly the congressmen had requested.

Gensler is acceptable to appear earlier the committee successful idiosyncratic connected April 18, McHenry announced.

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