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Senators press SEC chair on dismissed cases, staffing and potential political influence
Summary
Ranking members asked SEC Chairman Paul Atkins about recent case dismissals involving politically connected figures, staff reductions and how the agency will maintain independence and enforcement capacity.
Ranking and committee members asked Paul Atkins, chairman of the Securities and Exchange Commission, to explain why several high-profile SEC cases were dismissed and how staffing changes could affect impartial enforcement.
Senator Reid and others asked specifically about cases the SEC had dismissed that involved individuals with ties to the president. Reid asked for the rationale for the dismissals and how the public could be assured there was no political interference. Atkins said he either did not participate in the earlier case or that the case was brought before his tenure, and he could not speak to the specifics:…
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