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Posted on 4/23/21 at 10:33 am to Havoc
From Law360 article (paywall):
**Gary Gensler, new chair of the U.S. Securities and Exchange Commission, formerly was the CFO for the Hillary Clinton 2016 presidential campaign.
Discussions here regarding this sweeping wave of ESG regulations seem to receive little attention, and that is a shame because this issue is at the forefront of the PC/Woke garbage we are already seeing peddled by corporations.
quote:
Who Is Alex Oh? 6 Things To Know About SEC's New Enforcer
***
While Oh's personal enforcement philosophy remains to be seen, securities litigators told Law360 that **Gensler's choice of a former prosecutor was not surprising and confirms expectations that Gensler's SEC will pursue an amped-up enforcement agenda.
Kyle DeYoung, a Cadwalader Wickersham & Taft LLP partner who previously served as senior counsel to SEC enforcers Ceresney, Avakian and Peikin, said he expects Oh to focus on the priorities set by Gensler.
"These will likely include a significant increase in focus on climate and [environmental, social and governance] issues, financial institutions, and private funds," he told Law360. "Another likely area of enforcement focus will be Regulation Best Interest, which could see its first enforcement actions in the near future."
**Gary Gensler, new chair of the U.S. Securities and Exchange Commission, formerly was the CFO for the Hillary Clinton 2016 presidential campaign.
Discussions here regarding this sweeping wave of ESG regulations seem to receive little attention, and that is a shame because this issue is at the forefront of the PC/Woke garbage we are already seeing peddled by corporations.
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