Official announcement from the SEC or House Republicans

House Republicans Probe SEC Chair Gensler Over Political Hiring Allegations

Sep 12, 2024, 04:30 AM

US House Republicans have initiated a probe into the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, over allegations of political favoritism in staffing decisions. The investigation aims to determine whether the SEC violated federal law by considering political affiliations in its hiring of senior employees, potentially compromising the agency's impartiality. This follows a September 10 letter from House Republicans outlining their concerns. A subpoena was issued by Chairman @RepBost and House Republicans to further investigate these claims.